Spot silver prices hit a new record high in early-morning trade on Dec. 1, while gold also rose amid the possibility of interest rate cuts in December.
Silver hit a high of $57.87 per ounce on Dec. 1 and was trading at $57.43 as of 7:10 a.m. ET, up by 1.82 percent from close on Nov. 28. Spot gold was trading at $4,250.62 per ounce, up by 0.47 percent. Contrasting the precious metal gains, Bitcoin prices dropped by 5.36 percent to $86,015.
