Bloomberg.com reports silver rose as higher energy costs & dollar weakening boosted demand for the metals.

Silver futures for September delivery rose 8.5 cents, or 0.5 percent, to $17.46 an ounce. The metal dropped 4.5 percent last week.

Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago says:

“The news in Nigeria boosting oil, and the weaker dollar, is adding some support for gold.”

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