Economy

Silver Peaks at the Summit of 12 Years

September 27, 20241 Mins Read

Along with the consecutive records in gold, silver also saw a rise in momentum. The ounce of silver in the spot market surpassed $32.50, hitting the highest level in 12 years. The commodity markets are experiencing daily fluctuations due to the monetary easing cycle in the USA and the successive stimulus news from China in recent times. Following the record series in gold, silver also started to rise. In the spot market, the ounce of silver exceeded $32.50. Thus, the ounce of silver tested the highest level in 12 years. A record was set in silver prices at $50 in 2011. This year, a premium of over 35% was recorded in the silver market.

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