Silver rose as much as 4% to $51.24 an ounce on Thursday, this is the highest since the commodity boom in 2011 due to the European debt crisis and a notorious squeeze was orchestrated by the billionaire Hunt brothers in 1980. (Source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed
As global uncertainties keep rising, commodities are stealing the spotlight this year with spot silver crossing the $50-mark for the first time. This comes amid a surge in demand for safe-heaven assets, triggered by the US government shutdown and tariff uncertainties.
The precious metal rose as much as 4% to $51.24 an ounce on Thursday. This is the highest since the commodity boom in 2011—which was stoked by the European debt crisis—and also surpasses the highs seen in 1980, when silv