Silver price today: Spot jumps above $80 as haven demand returns ahead of U.S. inflation data
Silver surged almost 3% in European trading Friday, clearing the $80 mark as bullion prices caught a tailwind from lower U.S. yields and fresh anxiety over U.S.-Iran friction. Spot silver was last up 2.8% at $80.57 an ounce at 0941 GMT. Gold tacked on 0.7% to $5,032.49. Platinum and palladium moved up roughly 2.3% apiece. “Yields are down, reducing the opportunity cost of holding bullion,” noted Peter Fertig, analyst at Quantitative Commodity Research.
