The price of silver added over 2% on Thursday, reaching its highest price since April 22. The geopolitical situation, particularly the worsening Middle East crisis, likely contributed to the safe-haven investor sentiment and increased demand. Meanwhile, the Bank of England decided today to keep interest rates unchanged and indicated it is likely to cut rates "over the coming quarters."
Silver jumped 2.13% at 2:56 pm CET, selling for $27.92 per ounce. Gold rose by 0.77% at the same time, going for $2,326.02 per ounce. Platinum and palladium were flat and sold for $976.03 and $946.12 per ounce respectively.
