Daijiworld Media Network – Singapore

Singapore, Oct 13: Silver prices surged close to a record high on Monday amid an unprecedented short squeeze in London and renewed US-China trade tensions, while gold soared to a new all-time peak. Platinum and palladium also climbed sharply, boosted by fears of potential White House tariffs on key precious metals.

Silver rose as much as 1.1%, nearing $51 an ounce — its highest in over four decades — while platinum and palladium each gained more than 2%. Gold breached a record level above $4,060 an ounce after marking its eighth consecutive weekly gain on Friday.

The rally has seen precious metals surge between 50% and 80% this year, driven by strong central bank purchases, increased ETF holdings, and US Federal Reserve rate cuts. Ongoing trade fric

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