Spot silver (XAG/USD) jumps over 10%, trades above $27

Spot silver prices (XAG/USD) shot higher during the American trading hours on Monday and rose more than 10% in a matter of minutes. As of writing, the XAG/USD pair was trading at its highest level since June 15 at $27.48, up 11.3% on a daily basis.

There were no apparent triggers behind that sudden move and the thin trading conditions due to the Labor Day holiday in the US and Canada seem to have played a role in this spike.

Source: Reuters