Silver Nears $20 After Fed’s Bernanke Backs Sustained Stimulus

Silver for immediate delivery rose 2.9 percent to $19.9465 an ounce. The metal was poised for a fourth day of gains, the longest run of advances since the four days through Feb. 26. In New York, futures for delivery in September climbed 3.9 percent to $19.92 an ounce.

Platinum for immediate delivery rose 2.2 percent to $1,400 an ounce, after climbing to $1,412 an ounce, the highest level since June 20. Palladium added 1.5 percent to $725.30 an ounce, after rising to $731.67, the highest level since June 17. In New York, platinum for October delivery was at $1,401.20 an ounce and palladium for September delivery was at $724.90 an ounce.