Silver Prices Climb for Fifth Day


Silver prices rose for a fifth day Wednesday, as the outlook for global demand improves and the countries that use the euro emerge from recession.

Bargain-hunters are also taking advantage of a recent slump in the price of silver.

September silver rose 44.4 cents, or 2.1 percent, to $21.787 an ounce. The metal has climbed 19 percent since falling as low as $18.40 an ounce on June 27, close to its lowest in almost three years.

Silver is still down 28 percent this year. Investors dumped precious metals and commodities in April on concern that growth in China is slumping.

Copper for September rose 2.3 cents to $3.34 a pound. Platinum for October rose $5.50 to $1,505.20 an ounce, and palladium for September rose $1.45 to $740.35 an ounce.

Corn, wheat and soybeans all rose.

December corn rose 8 cents to $4.5525 a bushel. September wheat rose 1.25 cents to $6.4275 a bushel, and November soybeans rose 11.25 cents to $12.39 a bushel.