COMEX Silver Futures Jump Over 7% to $116 Per Ounce
Silver prices on the COMEX exchange surged sharply, reaching $116 per ounce amid strong market demand for precious metals.
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Terms & Concepts
COMEX: The Commodity Exchange, a division of the New York Mercantile Exchange where metals such as gold and silver are traded.
Silver Futures: Contracts to buy or sell silver at a predetermined price on a future date, allowing investors to hedge or speculate on price movements.