Silver Rises Above $20 an Ounce for First Time Since 2016
- Prices top $20 an ounce for first time since September 2016
- Rally may have legs on industrial recovery, green stimulus
Photographer: Luke Sharrett/Bloomberg
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Silver futures are latching on to gold’s rally, climbing above $20 an ounce to the highest since 2016 on rising haven demand and concerns about supply of the white metal.
Gold and silver have surged this year as the coronavirus pandemic roiled the global economy, spurring sustained demand for havens even as some lockdowns were eased. The outbreak has yet to be brought under control in many countries including the U.S., bolstering the case for holding the metals.