Silver, gold burst higher on silver ETF approval

Newswire

NEW YORK, April 27 (Reuters) - Silver and other precious metals futures rebounded in choppy trading on Thursday after U.S. regulators approved the first silver-backed security that traders expected would hoist investment demand. Silver briefly surged about 2 percent after the Securities and Exchange Commission said it had approved a registration statement for a exchange-traded fund from Barclays Global Investors called iShares Silver Trust. That decision removed the final regulatory ...

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