Jul 01

Silver Breaches Key Resistance, Soars To 21-Month Highs Against Gold:

Silver is up over 11% in the last 6 days (the most since Aug 2013) since Britons decided to leave the sinking ship, pushing the white metal above the key $19.50 level – back to its highest since September 2014. Gold has been in great demand also, heading for its 5th straight weekly gain after its best start to a year since 1980 as one analyst noted “gold will remain one of the major beneficiaries in the current backdrop, as heightened volatility and lingering uncertainty will keep investors’ risk appetite in check.” Silver’s recent surge has seen it play catch up to gold, now back at its ‘richest’ to gold since September 2014.

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