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Silver leads precious metals rally as prices hit fresh record highs
Silver surged to a record $78.65 as tight supply, industrial demand, and lower rate expectations lifted precious metals, with gold, platinum, and palladium also hitting new highs.
A sharp rally in precious metals pushed silver to a record high of $78.65 per ounce on Friday, marking a near 9 percent single session jump on the New York Commodity Exchange. Over the past 12 months, silver prices have surged more than 158 percent, outperforming gold amid strong industrial demand and supply tightness. The broader metals complex also moved higher, with spot gold touching record levels above $4,549 per ounce, while platinum and palladium posted double digit gains.