Trends-CA

Spot Silver Hits Fresh Record After Surpassing October Peak

Silver jumped to a record, surpassing a peak set during a historic squeeze in the London market in October.

Spot prices rose as much as 2.6% to above $54.76 an ounce. The white metal has been supported by rising hopes of a Federal Reserve interest-rate cut in December, inflows into bullion-backed exchange-traded funds and ongoing supply tightness.

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