"Silver climbed to a record, pushing beyond $80 an ounce for the first time to extend a historic end-of-year rally. The white metal rose for a sixth session, building on a 10% gain on Friday that was its biggest one-day jump since 2008. The recent advance has been buoyed by speculative inflows and lingering supply dislocations across major trading hubs after a short squeeze in October."
"The white metal rose for a sixth session, building on a 10% gain on Friday that was its biggest one-day jump since 2008. The recent advance has been buoyed by speculative inflows and lingering supply dislocations across major trading hubs after a short squeeze in October."
Silver pushed past $80 an ounce, reaching a record high and extending a historic end-of-year rally. The metal climbed for a sixth consecutive session, amplifying momentum after a 10% one-day surge on Friday that marked the largest single-day increase since 2008. Trading momentum has been driven by heavy speculative inflows that have bid prices higher. Lingering supply dislocations across major trading hubs have tightened availability following an October short squeeze. Market positioning and constrained physical availability combined to sustain elevated prices and support continued upside in silver markets into the end of the year.
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