Spot Silver Rises to Intraday All-Time High

Deep News01-12

According to ICE data, spot silver surged 5.5% to $84.29 per ounce, having earlier touched a peak of $84.59 per ounce.

Gold surpassed $4,600 per ounce for the first time on Monday, while silver also climbed to a historic high, with both metals bolstered by geopolitical and economic uncertainties, alongside growing bets on U.S. interest rate cuts.

Additionally, Federal Reserve Chair Jerome Powell stated that the Trump administration threatened him with criminal prosecution over his congressional testimony last summer, and a grand jury subpoena was issued to the Fed on Friday. Powell characterized Trump's actions as a "pretext" intended solely to increase pressure on him regarding interest rate policy.

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