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guymondailyherald.com
A New Era for Silver: Spot Price Crosses $50 for the First Time Ever
APMEX: Record spot milestone reflects tight supply, record industrial use, and safe haven flows
The price of gold fell more than 1% on Thursday, listing below the threshold of $4,000 per ounce – which had been first exceeded in the previous session – due to the rise in the dollar and the taking of investors' profits following the ceasefire agreement between Israel and Hamas.The silver, driven by the gold market, the strong demand for investment and the persistent supply deficit, for the first time exceeded $50 per ounce.The cash gold fell …
Silver prices on the spot market have jumped to the highest level in several decades due to a sharp increase in demand for haven assets. — Ukrinform.
Tonight, October 9, the world gold price fell sharply to 4,017.8 USD/ounce, while the silver price surpassed a 14-year peak.
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