NY silver rallies to 1-month high as funds buy

Newswire

NEW YORK, May 27 (Reuters) - Silver futures in New York surged to a one-month high early Friday on fund buying sparked by talk of bullion demand and a new silver ETF (exchange-traded fund), while gold benefited from dollar weakness in holiday-shortened trading, dealers said. "Speculation about tightness and speculation about the ETF from Barclays prompted some buying yesterday, and that has triggered fund stops (stop-loss buy orders) that pushed this thing up to $7.28" an ounce, said a ...

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