FXstreet.com (Barcelona) - After a sharp drop off over previous sessions, precious metal futures are enjoying a day of gains. Investors are scaling back the risk aversion which has defined the market as of late and searching out higher returns.
Silver and copper contracts for May delivery, the most active futures, have witnessed strong gains up 1.21% and 1.37% respectively. Silver is currently listed at $17.945 which is also the intraday high. Copper is at $3.5450 pressuring the intraday high of $3.5495.
Moreover platinum for July delivery and palladium for June are following along posting daily gains above 1%. Platinum is up around it's intraday high listed at $1719.00, a daily gain of 1.32%. Palladium on the other hand is listed at $544.80, gaining nearly 2% on the day.
