Spot silver rises nearly 3% to $60.12 an ounce
Gate data earlier showed spot silver at $58.8 and New York futures at $59.23; the latest market update put spot silver at $60.12 an ounce.
GT
Summary
Spot silver extended its advance to nearly 3%, reaching $60.12 per ounce in the latest market update. Earlier Gate data had shown spot silver up $1.3 to $58.8 per ounce, or 0.8% on the day, while New York silver futures rose more than 1.00% to $59.23 per ounce. Taken together, the updates indicate strengthening silver prices across spot and futures trading during the session, though no catalyst was specified.
Terms & Concepts
- spot silver: Silver priced for immediate delivery.
- silver futures: Contracts to buy or sell silver later at a set price.
- spot market: Market for immediate delivery rather than for future settlement.