Silver hits 30 dollars per ounce for the first time since 2013

NEWS IN ENGLISH

Spot silver hit 30 dollars for the first time since 2013 on Monday as investors moved towards precious metals amid the GameStop trading frenzy on Wall Street.


GameStop is the focus of a trading war between amateurs and Wall Street pros. Watchdogs in the US and UK said they were monitoring activity and potential lawbreaking, and warned traders they risked facing huge losses.


Traders should ensure they are familiar with all rules, "including market abuse", the UK's regulator said. GameStop is the focus of a trading war between amateurs and Wall Street pros.
Silver surged 11.7 percent to reach $30.06 per ounce at 9:13 am CET. Meanwhile, silver in euros jumped 10.23 percent at 9:18 am CET to go for €24.3808 per ounce, reaching highs it last saw in August last year. 


At the same time, silver in Swiss francs went for 26.4081 per ounce, gaining 10.13 percent to also reach August highs. The six-month high was also seen in the price of silver in pounds, which increased by 9.61 percent to trade at £21.5256 per ounce at 9:20 am CET.
 

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