Silver prices increased by 9%
Silver prices increased by 9% on Friday, reaching a new record high as robust industrial demand and a prolonged market gap fueled the surge. The white metal reached an all-time high of $78.53 per ounce, showing rising investor demand and tighter supply conditions.
The overall precious metals market also saw significant advances. Gold hit a new high of $4,549.71 per ounce, while platinum climbed over 10% to $2,454.12 per ounce. Meanwhile, palladium surpassed its peers, rising more than 14% and closing at $1,924.03 per ounce.
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