Categories: Business

Spot silver extends rally to hit $75 per ounce for first time

Dec 26 (Reuters) – Spot silver climbed to $75 an ounce on Friday, supported by robust industrial and investment demand, tightening inventories, geopolitical tensions and expectations of further U.S. interest rate cuts. Silver prices rose 3.5% to $74.46 per ounce by 0229 GMT, after touching an all-time high of $75.14 earlier in the session. (Reporting by Sherin Elizabeth Varghese and Ishaan Arora in Bengaluru; Editing by Christian Schmollinger)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

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