Silver Hits Fresh Record After Topping Peak From October Squeeze

Silver jumped to a record, surpassing a peak set during a historic squeeze in the London market in October.

Spot prices surged as much as 4.2% to about $55.66 an ounce. The white metal has been supported by rising hopes of a Federal Reserve interest-rate cut in December, inflows into bullion-backed exchange-traded funds and ongoing supply tightness.