Silver has surged to a record high, breaking above $90 an ounce for the first time, as investors reassess the balance between monetary credibility, political risk and real-economy demand. The move marks a striking revival for a metal long overshadowed by gold, and has prompted some market observers to argue that silver’s rally is only beginning, with forecasts stretching as high as $200 an ounce within the year. The immediate backdrop is a shift in expectations for US monetary policy. Fresh inflation data suggest that price pressures are easing, with headline consumer inflation hovering near 2.7% and core measures ... (full story)