Silver aims for $30-per-ounce milestone

News Snapshot:

Silver may have the power to reach the $30 per ounce milestone after its 26% surge in March-April on the back of gold’s record run and copper’s strength, even though analysts say the metal is ripe for a technical correction. Silver - both an investment asset and an industrial metal used in electronics and solar panels - may also find it hard to hold on to $30 without a recovery in global manufacturing activity and investment demand from funds. “Silver is starting to behave much more as a precious metal than an industrial metal,” said Philip Newman, managing director at...