Silver Hits 31-Year High as USD Weakens


"Spot silver was bid at a high of $38.23/oz."

Silver prices rose to their highest since early 1980 in Europe on Monday, tracking gains in gold as weakness in the dollar and higher oil prices supported interest in precious metals.

Well-received U.S. payrolls figures released on Friday also boosted appetite for industrial commodities, analysts said.

Spot silver was bid at a high of $38.23 an ounce at 0756 GMT, against $37.74 late in New York on Friday.

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe