The FTSE 100 closed 16 points higher at 10,140.70 as mining stocks extended their rally at the start of the new trading week.
London’s benchmark index ended the session up 0.16%, while equity markets across Europe and the United States delivered a mixed performance.
The strongest performer was silver producer Fresnillo, whose shares surged 6.5% after silver climbed to a new record high of $86 an ounce. The move in the precious metal followed renewed concerns over the independence of the Federal Reserve, after a criminal investigation was reportedly launched into its chair.
Elsewhere in the sector, Endeavour Mining and Glencore were also among the day’s top gainers, rising by approximately 4% and 3.5% respectively.
Wall Street has bounced back to life
US equities recovered for the most part after early losses triggered by concerns over the independence of the Federal Reserve, following news of an investigation into its current chair.
Shortly after midday in New York, the benchmark S&P 500 was up nearly 0.1%, while the technology-heavy Nasdaq Composite edged 0.3% higher.
The Dow Jones Industrial Average was little changed, trading around 0.2% lower.
