PSLV stock jumps as silver hits record above $85; CPI due Tuesday
Spot silver hit a record $85.75 an ounce Monday, jumping nearly 7% by late morning. Sprott Physical Silver Trust rose 6.8% to $28.26, while silver ETFs SLV and SIVR gained over 7%. Silver mining stocks also advanced. Traders are watching Tuesday’s U.S. CPI report and the Fed’s January meeting.