Silver Prices Today | Silver Hits Record High, What's Driving The Bullion Rally?
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Silver Prices Today | Silver Hits Record High, What's Driving The Bullion Rally?
Silver jumped more than 2 per cent to a record high, with traders placing speculative bets on the white metal given ongoing supply tightness and rising expectations for an interest-rate cut in the US. Gold was steady. Silver rose as high as US$57.86 an ounce, before paring some of its gains. The precious metal has risen for six consecutive days ...
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The price of silver reached an all-time high this month. While it has benefited from the same forces lifting gold and other precious metals, such as safe-haven demand and trade tensions, silver's rally isn’t just a copycat move. So what caused prices to peak? And what does it say about our reliance on this precious metal? CNBC Explains producer Gaelle Legrand breaks it down. Watch the full explainer here: cnb.cx/44J2BFH | CNBC International
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