Precious metals, including silver, have hit many new record highs, driven by industrial demand and concerns about geopolitical instability.
Silver futures rose seven percent early Tuesday after futures for the commodity hit a record high overnight on Monday, reaching $80 per ounce for the first time. The record-high was short lived; however, as silver logged its largest single-day drop since February 2021.
“This is a historic move, KKM Financial CEO Jeff Kilburg said Monday. “We haven’t seen a move like this in a long time.”
“We’re seeing commodities as one of the top performers for next year … but the source of the performance is more cyclical…
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