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.% | ||
|---|---|---|---|---|---|
|
|
|
1.0508
|
-0.0082
|
0.7787%
|
|
|
|
|
1.2197
|
-0.0108
|
0.8786%
|
|
|
|
|
22.509
|
-0.648
|
2.798%
|
|
|
|
|
76.071
|
-5.404
|
6.633%
|
|
|
|
|
81.85
|
-0.87
|
1.05%
|
|
|
|
|
1775.575
|
-19.985
|
1.113%
|
|
