NY silver settles at 5-week peak as funds buy

Newswire

NEW YORK, May 27 (Reuters) - Investment fund buying sparked by strong demand for bullion and talk of a new silver exchange-traded fund boosted U.S. silver futures to a five-week high on Friday in pre-holiday trading, while gold rose on a weaker U.S. dollar. Metals trade on the New York Mercantile Exchange was shuttered early, at about noon, and U.S. financial markets will be closed on Monday for the Memorial Day holiday. July silver futures on the NYMEX's COMEX division rose 14.8 cents, ...

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