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Strategies & Market Trends : Aardvark Adventures

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Nov 28 9:30 AM EST

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From: ~digs	5/30/2009 2:42:12 AM
	of 7944

Silver futures gained 3% Friday, ending the month with their biggest monthly gain in 22 years as inflation worries and hopes for an economic recovery boosted the metal. Gold rose to three-month highs as the dollar slipped. Silver for July delivery, the most active contract, gained 45 cents to end at $15.61 an ounce on the Comex division of the New York Mercantile Exchange. The front-month June contract closed at $15.60 an ounce. Meanwhile, gold for June delivery rose $17.30, or 1.8%, to close at $978.80 an ounce, the highest settlement since Feb. 23. Silver has gained 26.6% this month, the biggest since April 1987. Gold has gained 9.8% in the month, the biggest monthly gain since November. The loonie ended the day up US1.90¢ at US91.60¢ after touching a high of US91.75¢. It is at its highest level in seven months, having jumped more than 7¢ in May -- its biggest monthly gain since 1950, according to Bloomberg News.

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