Gold isn’t the one treasured metallic on a record-breaking rally. Silver costs have soared almost 75% this yr, pushed by a mix of safe-haven demand, sturdy industrial consumption, and chronic provide shortages.
On Thursday, spot silver costs reached a document excessive of $51 per troy ounce, surpassing the $50 mark for the primary time since 1980.
Gold’s value fell 2% on Thursday, retreating after briefly surpassing the $4,000 per ounce stage within the prior session. The decline was attributed to a reported rising greenback and buyers cashing in earnings after the Israel-Hamas ceasefire deal.
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