Silver rises 5 percent as metals continue upswing

AP News
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Posted: Feb 14, 2014 3:46 PM

NEW YORK (AP) — Gold and silver prices are sharply higher ahead of the long holiday weekend.

Gold rose $18.50, or 1.4 percent, to $1,318.60 an ounce on Friday. Silver had an even bigger rise, jumping $1.03, or 5 percent, to $21.42 an ounce.

Precious metals are having a great 2014 — gold is up 10 percent, silver 11 percent — following huge declines the year before. Gold fell nearly 30 percent in 2013; silver fell 36 percent.

In other commodities futures trading, corn and wheat rose while soybeans fell.

Crude oil fell 5 cents to $100.30 a barrel. Heating oil rose 5 cents to $3.08 a gallon and natural gas, after surging 8 percent the day before, was basically unchanged at $5.21 per thousand cubic feet.