Odaily Planet Daily News: International spot silver opened above 80 USD/oz on Monday, then continued to surge, reaching a record high above 83 USD, extending its historic rally as the year-end approaches. Spot silver has risen for six consecutive trading days, closing up 10% last Friday, marking the largest single-day gain since 2008. This year, spot silver has increased by over 185%, and is expected to achieve its best annual performance since 1979. Analysts say that the recent rise in silver has been driven by inflows of speculative funds and ongoing supply disruptions at major trading centers following short squeezes in October. (Jin10)
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International spot silver has been steadily rising recently, breaking through $80 on Monday and reaching a new high of $83. Silver has increased for six consecutive trading days, with a year-to-date gain of over 185%, marking its best annual performance since 1979, mainly driven by speculative funds and supply disruptions.
Spot silver continues to surge, reaching a record high above $83
Odaily Planet Daily News: International spot silver opened above 80 USD/oz on Monday, then continued to surge, reaching a record high above 83 USD, extending its historic rally as the year-end approaches. Spot silver has risen for six consecutive trading days, closing up 10% last Friday, marking the largest single-day gain since 2008. This year, spot silver has increased by over 185%, and is expected to achieve its best annual performance since 1979. Analysts say that the recent rise in silver has been driven by inflows of speculative funds and ongoing supply disruptions at major trading centers following short squeezes in October. (Jin10)