COMEX Silver Futures Surge to $110 Per Ounce After Breaking $100 Milestone

Silver futures prices surged about 6% in a day, reaching $110 per ounce shortly after surpassing the $100 mark last week.

Summary

Spot silver prices reached $110 per ounce, marking a roughly 6% increase in a single trading day. This sharp rise followed last Friday’s breakthrough above $100 per ounce, extending the previous week’s rally. The move highlights continued strong momentum in the silver market.

Terms & Concepts
  • COMEX: Commodity Exchange Inc., a division of the New York Mercantile Exchange where metals contracts like silver futures are traded.
  • Silver futures: Financial contracts obligating the buyer to purchase silver at a predetermined price and date in the future.