Ingots of 99.99 percent pure silver are placed in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk

(Reuters) -Silver soared to a record high on Wednesday, riding the coattails of gold's unprecedented rally above the $4,000/oz level earlier in the session.

Spot silver was up 3.5% at $49.54 per ounce by 1611 GMT.

(Reporting by Anushree Mukherjee and Anjana Anil in Bengaluru; Editing by Shilpi Majumdar)