by Michelle Smith, Silver Investing News:
After falling to $20.25 per ounce last week, its lowest level in over two and a half years, silver began to move higher this week.
The white metal started the week at $22.52, trading between $22.70 and $22.45 on Monday as US traders stayed in for the Memorial Day holiday. Tuesday morning, silver slipped slightly lower, to $22.24, as a result of chart consolidation and a stronger US dollar, Kitco’s Jim Wyckoff reported. Though the white metal rose as high as $22.52 that day, it ultimately closed at $22.32 in New York.
Wednesday marked the beginning of the white metal’s ascension as it tracked gold higher, Reuters reported. After starting the day at $22.31, silver posted a close of $22.47, continuing that climb the next day to hit $22.99.
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