NY silver races above $11/oz, gold price rallies

Newswire

NEW YORK, March 29 (Reuters) - Silver in New York galloped to a more than 22-year high and topped $11 per ounce on Wednesday as fund buying continued on hopes a U.S. silver-backed security will be launched, while gold shot to a seven-week peak. "Silver's still being driven by the expectations of the ETF (exchange-traded fund) and I think gold's more following," said David Rinehimer, head of futures research at Citigroup Global Markets. COMEX silver for May delivery at the New York ...

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