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Silver Maintains Rising Trend for Second Day

M. Ali 4 August, 2021 12:30 am Commodities, Market Update

Silver prices rose on Tuesday, for the second consecutive session, amid improved demand from investors.

Silver front-month contracts added less than a cent, or 0.04%, to finish at $25.566 per ounce.

Silver modest gains come despite another decline by gold futures, amid an increase by the U.S. Dollar (USD) and Treasury bond yields.

Unlike gold, which is seeing increased selling pressures due to profit making by investors, silver continued to rise for the second day in a row.

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