Silver surges past $115/oz as gold extends rally toward $5100
Silver surged nearly 12% to a record above $115/oz, outperforming gold, which climbed toward $5,100 amid geopolitical tensions.Summary
Silver experienced a significant rally, surging nearly 12% to a fresh record above $115 per ounce, driven by tight physical supply, strong retail interest, and momentum buying. This performance sharply outpaced gold, which also continued its ascent, briefly touching $5,100, supported by geopolitical tensions and central bank diversification away from the US dollar. Analysts note that Chinese silver prices are trading at a premium to London benchmarks, suggesting further upside, although high prices might eventually temper industrial demand. Major financial institutions maintain bullish outlooks, with Societe Generale forecasting gold at $6,000 by year-end, as both metals continue to set repeated record highs, with silver currently leading the upward trend.
(Source：Crypto Briefing)