MARKET NEWS
Silver Tops $75 as Precious Metals Extend Record Run - BARRON'S
Silver prices hit a fresh all-time high in early Friday trading, topping the $75 an ounce mark for the first time on record, as precious metals extended a historic year of gains amid concerns over currency debasement and a surge in industrial demand. Both gold and silver prices are on pace for their best year of gains since 1979, with the yellow metal rising more than 70% to a fresh record high of $4530.60 an ounce earlier in the session. Bets on lower Federal Reserve interest rates, despite both the quickening inflation pressures and solid GDP growth data, have added to the allure of precious metals, as has the recent rise in geopolitical risks.
