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 […]
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Spot silver extends rally to hit $75 per ounce for first time
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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)