Silver prices climbed to all-time highs on Monday, as expectations that the Federal Reserve will cut interest rates further this month and persistent concerns over global supply tightness sparked a fresh rally.
In afternoon European trade, silver futures in New York were up 1.2% at $57.86 a troy ounce after hitting an intraday high of $58.61, while spot prices gained 1.7% to $57.35 an ounce after reaching $57.88. Prices have soared 99% this year, outpacing both gold and platinum.
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