Silver has surpassed the $70 per ounce mark in spot trading for the first time in its history. Since the beginning of the year, silver's gains have reached 141%, outperforming gold due to supply shortages and industrial demand. On Tuesday, the spot price of silver rose to $70.30 per ounce, driven by strong demand from both industrial and investment sectors, declining inventories, geopolitical tensions, and expectations of further U.S. interest rate cuts. The price of silver increased by 1.83%.
