Silver Surges, Outperforming Gold

Silver prices surged to a record high, driven by speculative bets and supply shortages, while gold remained stable. The white metal reached a peak of $57.86 an ounce, doubling in value this year. London saw a record inflow of silver, causing pressure on other trading hubs. Global market shortages persist, with investors turning to silver due to increased expectations of a Federal Reserve interest rate cut. The gold-silver ratio is closely watched to gauge silvers affordability relative to gold.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.