After closing the previous trading day at $21.37, Silver is up to $21.62 per troy ounce, which makes for a move of 1.18%/25.3 cents today.
The CME Silver future upside coincides with further encouraging market factors as United States Core Durable Goods Orders came out at 0.5%, better than analyst estimates of 0.1% and improving upon the previous reading of -0.9%.
Nevertheless, highly important Crude Oil Inventories data from United States beat analyst expectations of -1 million with a reading of -3.69 million.
Meanwhile, United States New Home Sales (Oct) released yesterday at 15:00 UTC with a figure of 632,000, while the previous figure was 588,000.
This rally in the CME Silver future's price coincides with other Metals as having closed the previous session at $1,745.6, Gold is up 0.62% today to currently trade at around $1,756.5. Palladium is up 1.54%. Platinum gained 0.54% and is now trading at $1,002.2.
Having set a significant high of $26.89 2 months ago, the CME Silver future is trading 20.92% lower.