Monday, 4/26/2021 14:59
SILVER PRICES held steady Monday, reversing an earlier slip alongside gold as the US Dollar turned higher ahead of this week s Federal Reserve meeting and leading analysts forecast that the precious metal will extend 2021 s jump, writes Atsuko Whitehouse at BullionVault. Spot silver prices today rose to $26.20 before edging back 10 cents after rising for 3 weeks running and touching 7 week-highs last Wednesday at $26.64 per ounce. Gold meantime fell to $1770 before reversing that $6 drop but holding $20 below Wednesday s 8-week high near $1800. We have seen some short-term buying interest come back into the market in line with the weaker Dollar and lower bond yields, says derivatives platform Saxo Bank s commodity strategist Ole Hansen.