Silver just broke its own record—here's why
Silver prices have soared past $65 an ounce for the first time ever, after US unemployment numbers came in higher than expected for November.
With the jobless rate hitting 4.6% (instead of the predicted 4.4%), investors are now betting on possible interest rate cuts.
That's made the dollar weaker and pushed more people toward safe-haven metals like silver and gold.
What else is going on?
Gold also saw a small bump, reaching $4,321 per ounce, while the dollar hovered near a two-month low—making these metals even more attractive to buyers worldwide.
Everyone's now watching for this week's big US inflation reports, which could shake up markets even more.
This all comes right after the Federal Reserve announced its third interest rate cut of the year—a move that usually gives precious metals a boost when rates are low.