Silver Futures Surge Past $59 Per Ounce, Setting Record High
Spot silver climbed to $59.15 per ounce, approaching its historical peak, as intraday gains highlight sustained momentum in the precious metals market.
Summary
Spot silver rose $1.01 to $59.15 per ounce, a 1.74% intraday gain, bringing it close to its historical high. This follows earlier gains that pushed New York silver futures to $59.80 per ounce on December 5, marking over 100% year-to-date growth and reflecting continued strength in the silver market.
Terms & Concepts
- Silver Futures: Contracts to buy or sell silver at a predetermined price on a future date, commonly used for hedging or speculation.