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Metals Stocks: Silver futures flirt with 2-year high as gold comes under pressure

Silver futures traded sharply higher Monday, suggesting growing demand for gold’s sister metal, which is in position to score its best settlement in two years.

September silver SIU6, +0.83% was up 23 cents, or 1.2%, at $20.58 an ounce, after gaining 0.8% Friday and logging a 9.3% monthly advance. Silver’s current level puts it on pace to reach its highest close for a most-active contract since July 2014, according to FactSet data.

“Silver has come back into relative value [with gold] over the last 30 years,” said Ross Norman, chief executive of London-based metals broker London-based Sharps Pixley Ltd.

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