Silver prices recorded a record high in spot transactions today, Wednesday, tracking the rise of gold, which exceeded the $4,000 per ounce barrier for the first time in its history.
The price of silver in spot transactions reached $49.54 per ounce, an increase of 3.5% at 16:11 GMT.
This rise is driven by a wave of strong demand for precious metals by investors looking for a safe haven in light of global market fluctuations and high expectations of a decline in US interest rates during the coming period.
