Silver Prices Reach All-Time High
Recently, silver prices saw a strong surge as NY futures crossed $120 per ounce, with a daily gain of 5.73%. Spot silver also broke the $120 per ounce mark for the first time, setting a new record.
Significant Gains in January
Data shows that silver prices gained nearly $50 in January alone, highlighting robust demand for precious metals.
Market Analysis
- Global economic uncertainty is boosting demand for safe-haven assets.
- Growth in industrial applications is supporting silver prices.
- Investor interest in precious metals continues to rise.