The silver price surged on Monday (September 22), breaking US$44 per ounce to rise as high as US$44.11. Silver was last above US$44 in 2011, and many of the same factors that drove it to that level are present in today’s market, including significant uncertainty around the economy, a global debt crisis and a dovish US Federal Reserve. The gold price also reached a fresh all-time high on Monday, climbing to US$3,748.80 per ounce. The gains for both metals follow an interest rate cut from the US Federal Reserve at its meeting last week. Although inflation has been moving further from the Fed’s 2 percent target, there ... (full story)