Silver rose to a record and gold edged higher on heightened geopolitical tensions and expectations for more Federal Reserve rate cuts next year.
The white metal advanced as much as 0.5% to hit $67.4954 an ounce. Silver has been buoyed by speculative inflows and lingering supply tightness after a historic short squeeze in October. The total trading volume for silver futures in Shanghai spiked earlier this month to levels near those seen during the crunch a couple of months ago.