Silver price hits record high, SLV jumps as Fed turmoil knocks the dollar
iShares Silver Trust surged 7.6% midday Monday as spot silver soared to about $86 an ounce, up sharply from $80. Investors moved into precious metals amid doubts over Federal Reserve independence. The dollar index slipped 0.2%. Markets await December U.S. CPI data, set for release Tuesday morning.