The start of this week saw the prices of silver and gold reach new highs as trade tensions between China and the United States continue to deepen. Silver saw its price hit $51.71 an ounce, a 1.9% increase, making its yearly increase thus far 78.9%. Comex silver futures surged to $50 an ounce for December delivery while spot gold also surged by almost 3% to reach $4,095 an ounce, bringing its annual gain so far to 56.6%. This is its largest year-on-year gain since the oil shocks experienced in the 70s.
For companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) engaged in the extraction of gold, platinum and…
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