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home / news releases / USV - Silver Is A Tightly Coiled Spring


USV - Silver Is A Tightly Coiled Spring

Silver was the worst-performing precious metal in 2019, but it still managed to move 15.32% higher on the year. The price of nearby COMEX silver futures closed at $17.921 per ounce on December 31. On January 8, the price of gold rose to another new high of $1613.30 on the nearby February futures contract, before retreating to the $1560 level on January 10. Silver rose to a peak of $18.895 per ounce on the same day before returning to $18.165 per ounce last Friday.

The increasing tensions in the Middle East lit a bullish fuse

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Stock Information

Company Name: UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641794
Stock Symbol: USV
Market: NYSE

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