Silver Hits Its Highest Price Ever
Silver reached a new all-time high by crossing 64 dollars per ounce, something that has never happened before.
This big jump happened on Thursday right after the U.S. Federal Reserve decided to cut interest rates. When interest rates go down, investors often look for safer places to put their money, and precious metals like silver usually become more attractive.
Because of this, spot silver prices rose nearly 4% in a single day, reaching 64.30 dollars per ounce.
This rise isn’t just a one-day surprise.
Silver has increased about 25% in the last month.
Since the start of the year, it has more than doubled, climbing over 100%.
In simple terms, silver has been on a strong and steady upward trend, and the interest rate cut pushed it even higher. Many investors now see silver as a powerful safe-haven asset during uncertain economic times.
