Silver Gains Ground on Gold With Jump to Highest Since 2012

Silver surged to the highest in 13 years, powered by a technical breakout, as investors broaden demand for the safety of precious metals beyond gold.

Spot silver rose as much as 4.5% to above $36.06 an ounce, the highest level since February 2012. The rally was likely driven by a combination of technical momentum, improving fundamentals and broader investor interest, said Alexander Zumpfe, senior trader at German gold refiner Heraeus Group.