Silver price breaks $100 as futures settle at records; SLV jumps before Fed decision
U.S. silver futures closed at $101.33 an ounce Friday, up 5.2% after breaking above $100 for the first time. The iShares Silver Trust ETF jumped 6.6% to $92.91. COMEX inventories fell to 418 million ounces, intensifying supply concerns. Analysts warn of profit-taking and volatility ahead of the Federal Reserve’s Jan. 27-28 meeting.