Silver price surges near record after $117 spike as Fed decision looms
Silver prices surged on Tuesday, with spot silver climbing 8.4% to $112.57 per troy ounce by 10:12 a.m. GMT, after touching a record $117.69 the day before. Gold also gained, rising 1.6% to $5,092.09 as investors sought refuge in safe havens. “The constant back and forth on tariffs … is unlikely to curb safe-haven demand anytime soon,” said Zain Vawda, an analyst at MarketPulse by OANDA.