Silver price today: record $120 spike fades as safe-haven demand meets Fed uncertainty
Silver jumped to a record $120.45 an ounce Thursday before retreating, up nearly 64% in 2026. Spot silver last traded at $117.42, lifted by safe-haven demand amid U.S.-Iran tensions and a weaker dollar. Traders are watching U.S. policy and jobs data for rate-cut signals. Copper and gold also rose as metals rallied.