U.S. equity markets rallied Monday as COVID-19 relief talks progressed on Capitol Hill and silver prices hit their highest level in eight years.


The Dow Jones Industrial Average gained 246 points, or 0.82%, while the S&P 500 and the Nasdaq Composite advanced 1.59% and 2.38%, respectively.

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In markets, silver soared $2.498 to $29.398 an ounce, its highest in eight years. The spike in the precious metal came amid reports investors on the message board site Reddit are buying the exchange-traded fund iShares Silver Trust -- something its members have denied.

Rea more at FOX Business