Silver price climbed to a historic high, surpassing the US$80/ oz mark for the first time, and sustaining the recent historic upsurge. Silver futures for March delivery last swelled 4.57% to US$80.725. Silver price have elevated for the sixth consecutive trading day, with a total gain of approximately 25%, marking the largest six-day upswing since 1950. The recent spike was attributable to speculative capital inflows, paired with the ongoing supply-demand imbalance at major trading centers following October's short squeeze.
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