Reuters: Silver Hits 12-year High, Chasing Gold's Record-breaking Rally
Article by Swati Verma in Reuters
Silver rose to its highest level in nearly 12 years on Thursday, riding the coattails of gold's rally to record peaks on interest rate cuts by major central banks.
Spot silver was 1.3% up at $32.26 per ounce, having hit $32.71 earlier in the day, its highest since December 2012.
"Silver is going to continue to rally over the coming quarters because of the consecutive rate cuts and as China's stimulus could continue for some time," said Amelia Xiao Fu, head of commodity markets at BOCI, adding that she sees the price moving towards ......