Silver surged past $75 an ounce for the first time in the overnight session leading into Dec. 26, extending a powerful rally that has made it the strongest-performing precious metal this year, while gold and platinum also climbed to record highs, as investors bet on U.S. interest rate cuts and grappled with tight supply and geopolitical uncertainty.
Spot silver rose by as much as 2.4 percent to a record $75.62 and was at about $75.30 at 10:30 a.m. ET on Dec. 26. The metal is up more than 150 percent so far this year, far outpacing gold’s gain of more than 70 percent.
