Spot silver extends rally to hit $70 per ounce for first time

Kitco Media
By Reuters
Published:
Updated:
Reuters
Spot silver extends rally to hit $70 per ounce for first time teaser image

Dec 23 (Reuters) - Spot silver scaled $70 an ounce on Tuesday, driven by strong industrial and investment demand, tightening inventories, geopolitical tensions, and expectations of further U.S. rate cuts.

Silver prices were up 1.5% at $70.06 an ounce by 1314 GMT, after hitting an all-time high of $70.18/oz.

Reporting by Ishaan Arora and Noel John in Bengaluru

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.