After breaking above $60 an ounce for the first time on Tuesday, silver continued to rise as traders wagered on the Federal Reserve's sustained monetary easing and tight supply.

Building on a 4.3% gain in the previous session, the white metal reached a record $60.9213 per ounce on Wednesday. Expectations that the US central bank may lower interest rates by a quarter point at the conclusion of its December 9–10 meeting have contributed to silver's recent sharp rise. Non-yielding precious metals benefit greatly from lower borrowing costs.

Also Read: Oil price steadies as concerns of over supply persist

In an effort to find hints about US monetary policy for the upcoming year, traders are also looking beyond this week's Fed decision. The front-runner in President Donald Trump's race to su

See Full Page