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Silver hits all-time high of $84 per ounce
Silver reached a new all-time high, touching the record level of $84 per ounce in today’s trading. The white metal has posted a gain of +160% since the beginning of the year, driven in recent days by export restrictions announced by China. As the Asian giant controls around 60–70% of global silver exports, analysts are predicting a supply crisis in a market that is already in deficit.
[Source: Milano Finanza]
Record in Asian markets: gold trades above $4,500
A new all-time high for the ultimate safe-haven asset, which today is changing hands at over $4,500 in Asian markets. Supporting the upward movement of the safe-haven asset is the belief that the Federal Reserve’s accommodative stance will continue into next year as well, with further easing of monetary tightening.
Silver sets a new record: surpasses $70
Silver continues its rally and breaks through the key $70-per-ounce threshold in today’s trading. The price rose by 0.7%, marking a gain of +123% since the beginning of the year.
[Source: Market screener]
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