from Money Morning:
Buoyed in early trading by a flight to safety amid simmering turmoil between Ukraine and Russia, silver prices today are showing signs of life.
In morning trading Friday, the price of silver rose $0.62, or 2.44%, at $21.89 an ounce. While the white metal slipped $0.148 Thursday to finish the session at $21.25 an ounce, the dip came on mild profit taking. Silver had a stellar showing Wednesday, ending up 2.66%, or $0.55, at $21.33.
Escalating concerns regarding the Russian occupation of parts of the Ukraine, and the ensuing global threats flying back and forth, have been an important catalyst for higher silver prices over the week.
Additionally, a recent spate of soft U.S. economic data has caused investors to seek refuge in silver.
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