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Silver soars to record high above $60 as Standard Chartered warns of near-term volatility
Silver prices continue to surge higher, breaking to new record highs above $60 an ounce. While one market strategist says the precious metal will remain in a solid uptrend, it could see some near-term volatility. Not only has silver broken to new record highs, but it also continues to significantly outperform gold. Silver’s latest jump has pushed the gold/silver ratio to 69 points, its lowest level since late July 2021. Spot silver last traded at $60.72 an ounce, up more than 4% on the day and more than 100% so far this year. In her latest precious metals note, Suki Cooper, Global Head of Commodities Research at ... (full story)
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Silver extended gains after breaking above $60 an ounce for the first time on Tuesday, with traders betting on further monetary easing by the Federal Reserve and continued supply tightness. The white metal rose to a record $60.9213 an ounce on Wednesday, building on a 4.3% increase in the previous session. Silver’s rapid advance in recent days has been ...
