Silver prices touched an all-time high above US$52.50 an ounce, as a historic short squeeze in London added momentum to a rally that has been fuelled by surging demand for haven assets.
Spot prices rose as much as 0.4 per cent to US$52.5868 an ounce in London, surpassing a peak set in January 1980 on a now-defunct contract overseen by the Chicago Board of Trade – when the billionaire Hunt brothers attempted to corner the market. Gold also climbed to another record high, building on eight…Silver prices touched an all-time high above US$52.50 an ounce, as a historic short squeeze in London added momentum to a rally that has been fuelled by surging demand for haven assets.
Spot prices rose as much as 0.4 per cent to US$52.5868 an ounce in London, surpassing a peak set in January 1980 on a now-defunct contract overseen by the Chicago Board of Trade – when the billionaire Hunt brothers attempted to corner the market. Gold also climbed to another record high, building on eight…  Read More ​Business – South China Morning Post