The prices of most precious metals gained ground on Wednesday, with silver surging over 3% on hopes of solid industrial demand. As silver is usually used across various industries, investors might think that the possible de-escalation of the US-China trade tensions could potentially boost the white metal's use.
Silver skyrocketed 3.31% at 10:52 am ET, going for $33.57 per ounce. A minute later, palladium jumped 2.04% to $979.86 per ounce, while platinum advanced by 0.78%, selling at $929.12 per ounce. Gold moved in the opposite direction, tumbling 2.74% to $3,289.24 per ounce.
