1
November
Silver Climbs to More Than $25 as Dollar Extends Drop Before Fed's Meeting
1 November 2010 Bloomberg.com
Silver surged to more than $25 an ounce for the first time in three decades as a weaker dollar increased the investment appeal of precious metals. Palladium advanced to a nine-year high and gold also climbed.
Immediate-delivery silver rose as much as 1.2 percent to $25.0525 an ounce, the highest price since March 1980, as the Dollar Index dropped for a third day. Spot palladium gained as much as 0.9 percent to $653.38 an ounce and gold advanced 0.2 percent to $1,361.45 an ounce at 4:17 p.m. in Seoul.
