U.S. Stock Movement | Silvercorp Metals Inc. rose over 17% as gold and silver surged together
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Silvercorp Metals Inc. rose 17.27% on Monday, closing at $6.11, with a cumulative increase of 104% year-to-date. Gold futures prices increased by $69.30, reaching a historic high, with a year-to-date gain of 43%. Spot silver prices also rose to $43.8 per ounce, marking a 14-year high. The Federal Reserve's easing policies and geopolitical tensions have driven safe-haven demand, making gold and silver the best-performing commodities. The company's El Domo project is under construction and is expected to become a profit growth point
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