Silver prices hit historic highs amid growing demand for safe-haven assets and expectations of monetary policy easing in the US. According to Reuters, the spot price of silver rose to a record $86.22 per troy ounce on January 12.
At the same time, silver futures on the US market rose above $89 per ounce during trading on January 13, Investopedia reported. A number of industry publications noted that at certain points during the session, silver rose by about 5%, reflecting the metal’s increased volatility. Analysts surveyed by Reuters do not rule out a further movement of prices towards $90 per ounce if the current combination of factors supporting precious metals remains in place.
Reference: The Experts Club analytical center previously released a video analysis of the twenty largest silver-producing countries and their competition for leadership in 1971-2024 – https://www.youtube.com/shorts/HvKK-YET8vs
