Silver hits $117 record as gold stays above $5,000 — AI demand and speculation collide
Silver hovered near $108 an ounce early Tuesday after hitting a record $117.69, up 53% this year. Gold slipped to $5,060 after peaking at $5,110.50. Analysts cited tariff threats, a weaker dollar, and heavy Asian buying, but warned the rally may face volatility. Shanghai silver prices held a record $14 premium over London, signaling strong Chinese demand.