Silver Surges to Record $120 Per Ounce for the First Time

The assessment of "likely_true" is based on strong, consistent evidence from multiple credible sources that directly support the core of the statement, while the sole piece of contradictory evidence is less authoritative.Two highly relevant sources with high authority scores corroborate that silver's price broke a new record in the triple-digit range. Specifically, a report from Investing News Network (INN) states that silver achieved a "new all-time high" of $116.67 per ounce. This figure is extremely close to the $120 claimed in the statement, making the statement substantially true. A second report from CBS News further supports this by confirming that silver surpassed the $100 per ounce mark, breaking its previous record. Together, these sources provide compelling evidence of a new record high in the price range mentioned.The primary contradictory evidence comes from a Facebook post by KKTV 11 News, which states the all-time high was $49.45 in 1980. While highly relevant, this source has a lower authority score (0.70) and is a social media post, which is generally less reliable for financial data than dedicated financial news outlets like INN or CBS. It is highly probable that this post is referencing outdated information and is not accounting for the more recent price surge reported by the other sources.Several other sources provided are either neutral data providers (KITCO, Trading Economics) that don't make a specific claim in their summaries or are entirely irrelevant as they focus on gold or copper (CNBC, Reuters, Trading Economics for copper). Therefore, the direct evidence weighs heavily in favor of the statement. The minor discrepancy between the reported $116.67 peak and the statement's $120 figure is not significant enough to invalidate the claim, which is accurate in its essence.