Silver rallies to 8-month highs as Ukraine crisis deepens
Silver prices spiked in European trade to eight-month highs amid strong haven demand as the Ukraine crisis deepens.
Silver prices rose 1.75% to $26.15, the highest since July 2021, after rising 2.1% on Friday on active demand following a two-day hiatus from gains on profit-taking.
Silver prices rose 5.9% last week, the fifth weekly profit in a row, and the longest such streak since October 2021.
The US government stated earlier that the west is seriously considering a bank on Russian oil and gas imports.
However the west won't take such a step until alternative supplies have been reliably established, which could take some time.
US Congress is actively discussing new bills to completely bank Russian imports, in a step that would increase Russia's isolation.
It's the first such step towards completely removing Russia from the World Trade Organization.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0427
|
-0.0154
|
1.4550%
|
|
|
|
|
1.2096
|
-0.0176
|
1.4311%
|
|
|
|
|
19.698
|
-1.669
|
7.811%
|
|
|
|
|
108.022
|
0.605
|
0.563%
|
|
|
|
|
111.50
|
2.47
|
2.27%
|
|
|
|
|
1799.775
|
-29.770
|
1.627%
|
|
