On the 26th (local time), international silver prices surged. Investment demand continued as precious metals were seen as a safe haven against U.S. interest rate cuts and a weaker dollar.

As precious metals such as gold and silver hit record highs, gold bars and silver bars are displayed at Jeongin Jewelry in Jongno-gu, Seoul, on the 25th. According to Bloomberg, as of 10:21 a.m. KST on the 24th, spot gold stands at $4,525.77 per ounce, marking an all-time record high. Reuters reports that spot silver rises more than 3% intraday the same day to $71.49 per ounce, surpassing $70 and setting a record high. /Courtesy of Yonhap News

On the New York Mercantile Exchange, March delivery silver futures closed at $77.20 per ounce, up 7.7% from the previous session.

According to Reuters, spot silver also rose intraday to $77.40 per ounce, breaking the previous record high.

February delivery gold futures settled at $4,552.70 per ounce, up 1.1% from the previous session.

Other precious metals besides gold and silver also jumped. According to Reuters, spot platinum traded at $2,437.72 per ounce on the day, soaring 9.8% from the previous session. It thereby set a record high.

※ This article has been translated by AI. Share your feedback here.