24H | Silver Stocks & ETFs Shine as Spot Silver Rises 2.5% to New High of $89.15/Oz. AGQ up over 5%; Endeavour Silver, SLV up over 2%
Tiger Newspress09:36
Silver stocks & ETFs shined in overnight trading. AGQ up over 5%; Endeavour Silver , SLV, Silvercorp up over 2%.
Silver hit a record high and gold rose as weaker-than-expected US inflation data supported the case for more interest rate cuts, while the geopolitical situation remained tense.
The white metal advanced as much as 2.55% to touch $89.15 an ounce, while gold traded neared an all-time peak. Underlying inflation in December was not as high as feared, although economists said the data was artificially depressed by the record-long government shutdown late last year.
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