Silver price exceeded $66 for the first time

An important event occurred in the global precious metals market. This was reported by Zamin.uz.

According to the latest data, the price of silver has reached a new record level for the first time in history. On December 17, silver futures for March delivery on the Comex exchange rose by 4.65%, reaching $66.27 per ounce.

This figure indicates that the value of silver has surpassed the psychological threshold of 66 dollars for the first time. Experts emphasize that this was caused simultaneously by the rise in gold prices and uncertain macroeconomic indicators coming from the US economy.

In particular, recent reports on the US labor market have caused concern among investors. In November, the country's unemployment rate reached 4.6%, marking the highest level since September 2021.

At the same time, it was reported that 64,000 new jobs were created in the economy in November. Although this figure was higher than analysts expected, the October results were revised, revealing that 105,000 jobs were lost during that period.

Economists believe that these uncertainties are increasing demand for safe-haven assets, including gold and silver. As a result, the price of silver continues to rise in the global market, setting new historical records.