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Silver breaks $75 as precious metals hit historic peaks
Silver exceeded $75 an ounce while gold and platinum climbed to record prices, supported by supply constraints, industrial demand and rate-cut expectations.
Precious metals extended strong gains, with spot silver topping $75 per ounce for the first time as part of a broad rally that also lifted gold and platinum to record highs. Silver’s dramatic increase reflected tightening supplies, robust industrial demand and expectations of future interest rate cuts. Gold and platinum also reached unprecedented price levels amid heightened safe-haven interest.