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Silver hits all-time high as supply tightens and Fed hints at rate cuts
Business
Silver just rose to $57.57 per ounce, jumping 88% so far this year—way ahead of gold's 47% climb.
Why does this matter?
If you're watching the economy or thinking about investing, silver's big leap is a sign that people are looking for safe places to park their money.
With global supplies running low and talk of US interest rate cuts heating up, silver is suddenly in the spotlight as a hedge against inflation and credit risks.
What's behind the surge?
A mix of shrinking Chinese stockpiles, more shipments heading to London to cover shortages, and strong bets that the Fed will cut rates soon are all pushing demand higher.
As uncertainty sticks around, silver could keep shining for a while.