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The U.S. markets are closed on Monday for the Independence Day holiday.
The gold/silver ratio, which measures the number of silver ounces needed to buy an ounce of gold, fell to a two-year low on Monday, as silver extended gains against gold.
“There is a little bit of a two-way battle going on in silver with a number of players going short in China,” said an analyst with an international investment bank.
The Shanghai Exchange Futures went limit up as onshore players have aggressively been covering their short positions in the last few days, especially on Monday, the analyst said.”
http://in.reuters.com/article/global-precious-idINKCN0ZK03I?rpc=401