Silver Gains 1.81% to $56.129 an Ounce, Outpacing Gold

Silver rose 1.81% to $56.129 an ounce at 9 p.m. ET Wednesday (01:00 UTC Thursday), outpacing gold as precious metals advanced while oil prices fell and European equity indexes were mixed.

Gold gained 0.78% to $4,139.58 an ounce. Silver’s percentage increase was more than twice gold’s.

European benchmarks posted modest moves. The Europe 50 index fell 0.11% to 6,166.19, the UK FTSE 100 rose 0.04% to 10,689.5 and Germany’s DAX40 slipped 0.05% to 25,185.5.

Oil prices declined, with West Texas Intermediate crude down 0.86% to $95.07 a barrel and Brent crude off 0.7% to $107.33.

The dollar weakened 0.06% against the offshore yuan to 6.69127 and fell 0.26% against the yen to 157.89.