Silver hit an all-time record high on Dec. 1 with the white metal doubling its value this year and outpacing gold, which has gained about 60 per cent year to date. Photo by David Gray / Bloomberg

Silver jumped to a fresh peak on Monday, with traders placing speculative bets on ongoing supply tightness. Gold edged higher.

The white metal rose as high as US$57.86 an ounce, after soaring almost six per cent to a record on Friday. It has climbed for six consecutive days and doubled in value this year, outpacing a roughly 60 per cent rally in gold.

A record amount of the metal flowed into London in October to ease a historic squeeze in the world’s biggest silver trading hub, but this has put other centres under pressure. Inventories in warehouses linked to the Shanghai Futures Exchang

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