Silver Soars to Record Highs Driven by Gold’s Rally, Liquidity Squeeze
From msn.com
Silver prices rose to record highs Monday, driven by gold’s historic rally as investors rush to safe havens, and a massive liquidity squeeze in the London market. In afternoon European trade, silver futures in New York climbed 6.6% to $50.34 a troy ounce, while spot prices surpassed the $50 mark for the first time in more than four decades, rising 3.3% to $51.95 an ounce. “Silver and gold prices are typically intertwined because their main driver—private investment flows, whether through [exchange-traded funds] or speculative positioning—move in tandem,” analysts at Goldman Sachs said. Gold futures rose 2.8% to ...
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