Silver Hits Fresh Record as Strong ETF Inflows Sustain Rally

Silver touched a fresh record high and capped its second weekly gain as strong inflows to exchange-traded funds added more impetus to a scorching rally.

The white metal rose as much as 3.9% on Friday to an all-time high of $59.33 an ounce. Total additions to silver-backed ETFs in the four days through Thursday are already the highest for any full week since July, a strong indicator of investor appetite despite signs silver’s gains may be overdone.