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Silver Riding High in Precious Metals Market

For the first time in more than 10 years, the price of silver exceeded $30 an ounce last week. The last time the metal’s price went past $30 was in 2011, when it almost hit $50. Compared to gold in percentage terms, silver seems to have performed better, despite gold’s strong bull run.

Since February, the price of silver gained 44.6% while that of gold went up by some 21%. Mike Maharrey, a market analyst, explained that…

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