Bullish sentiment helps propel Silver to 2.34% gain

A quick look at yesterday: Silver spiked to $23.45 per troy ounce, gaining 53.5 cents.

On the flip side, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other Metals also shows upside as Copper added 2.33% and closed around $3.59 yesterday.

Approximately 23 days ago, CME Silver reached a significant high of $26.35 but has struggled to hold onto its gains and declined 13.06% since then.