8:47 AM · 18 May 2020

SILVER prices soar by 4%

A strong rally continues on silver after the Fed Chairman suggested the central bank could do much more to support the economy, even though the pace of asset purchases has no historical precedence already. As gold prices have been rallying for months and are closing in on 2011 highs, silver was left behind – until recently. However, the price has seen a strong rally since late April and is already up nearly 50% from March lows. Bulls will look towards $19 – a level that capped the rally in 2019 and early this year.

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