Silver Extends Record-Breaking Rally on Tight Global Supplies
An attendant holds a one kilogram silver bar at Conclude Zrt bullion dealer arranged in Budapest, Hungary.
Photographer: Akos Stiller/BloombergSilver jumped to a fresh peak on Monday with traders placing speculative bets on ongoing supply tightness. Gold inched lower.
The white metal rose as high as $58.84 an ounce after soaring almost 6% on Friday. It has climbed for six consecutive sessions and has nearly doubled in value this year, outpacing the roughly 60% rally in gold.