Silver Reaches Historic $50 Per Ounce for First Time Ever
By
acadapter
There's a fresh bagel in here somewhere. We couldn't find it.
Summary
Silver has reached a historic milestone by trading at $50 per ounce for the first time ever, with a peak price of $50.03. This surpasses the previous 2011 high of $49.83, eliminating uncertainty about that previous record. Meanwhile, gold continues its upward trend, trading at $4,042 and reaching a new high of $4,046.71, continuing its rally that began in early September when it broke above the $3,500 level.
Key quotes
· 5 pulledSpot silver has stretched to the $50 level for the 1st time ever.
The high price of just traded at $50.03.
The move to the upside took out the 2011 high, which my chart had at $49.83.
Gold, meanwhile, is trading up $1.50 at $4042.
It has been stretching to new highs – with some corrective days interspersed – since September 2 when it moved above the April 22 high at $3500.
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