Silver Prices Reach All-Time High
In the wake of heightened market volatility and rising risk-aversion sentiment, silver prices have surged, with spot silver climbing over 6% to hit $84.73 per ounce, setting a new record high.
NY Futures Follow Suit
Driven by similar market conditions, silver futures in New York approached $85 per ounce with an intraday gain of over 7%. Analysts attribute the rally to a weakening dollar and elevated inflation expectations.
Outlook for Precious Metals
With ongoing global economic uncertainties, demand for precious metals remains robust. As a metal with both industrial and investment appeal, silver’s price movements are drawing increasing attention.