But Wednesday also will see the whitish metal trade sideways, according to MoneyControl. Should silver futures gain, they will be tracking gold futures' ascension. The more robust U.S. dollar also will impact the price of silver futures as will the downward trend for industrial metals since silver has base metal functions.
A driver that will propel the price of silver futures is the sovereign debt scourge victimizing euro zone banks and public finance institutions.
At 9:45 a.m. on Wednesday, silver prices climbed 4.34 percent, a $1.419 lift to $34.15 per troy ounce.
Silver will see increased use for medical applications, mirrors, solar power systems and to purify water, according to the Silver Institute. The precious metal already is being used for batteries, bearings, soldering and for electronic purposes.
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