Silver reached its highest level of the year in spot trading on Friday, hitting $55.59 per ounce, while March 2026 futures rose to $56.12 per ounce.
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The precious metal had climbed 3% in its latest trading session, and silver-related futures also reached record levels, according to CNBC.
Silver has surged 90% in spot trading since the beginning of the year, supported by investors’ shift toward lower-risk assets amid mixed economic data and changing expectations for U.S. monetary policy.
Silver’s performance has outpaced gold in spot trading, with gold rising 60% over the same period.