Silver leads gains in metals, ends at highest since mid-November

Gold prices finish sharply higher Wednesday, topping $1,700 an ounce, as the Federal Reserve’s monetary-policy committee extended its pledge to keep interest rates at exceptionally low levels till late 2014, which will help boost demand for the precious metal as an inflation hedge.

Silver futures led the percentage gains among the major metals, with prices settling at their highest since mid-November.

The March contract for silver  jumped $1.15, or 3.6%, to settle up to $33.12 an ounce. That was the highest settlement price for a most-active contract since Nov. 16.

Tags: price of silver, Silver, silver analysis, silver futures, silver futures prices, silver news, silver price, silver prices, silver spot, spot silver

Posted by Silver Guru on Jan 26 2012. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry