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    HomeNewsBusinessMarketsSilver hits 31-year high as dollar weakens

    Silver hits 31-year high as dollar weakens

    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.

    April 04, 2011 / 16:08 IST

    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 US payrolls figures released on Friday also boosted appetite for industrial commodities, analysts said.

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

    first published: Apr 4, 2011 03:02 pm

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