Silver rallies for the 13th straight session
Duncan Richardson, News Editor
19 Feb 2014, 10:55 a.m.
Following a 1.1% rise yesterday silver has now posted 13 days of positive returns, which is the longest rally in 45 years, as investors seek safe haven investments amid concerns the global recovery is faltering. So far this year silver has risen by 13% as retail demand for coins and jewellery increased.
On the 14th February silver crossed above the 200 day moving average and closed yesterday at $21.9348 per ounce.
Gold is up 9.6% this year, while the dollar has performed poorly against a basket of major currencies.