Silver hits four-year high on investment, industrial demand

Singapore

SILVER prices have hit a four-year high fuelled by a rush into safe-haven precious metals, as worries over the world economy ratchet up on the back of rising Covid-19 cases globally.

The white metal climbed 3 per cent overnight to US$19.33 an ounce and continued its advance during the Asian trading session, breaking past the key US$20.00/ounce threshold to touch a high of US$20.3150/ounce.