On Tuesday, January 20, a sharp increase in the price of silver was observed during trading, which is linked to the rise in gold prices. Data provided by Comex (a division of the New York Mercantile Exchange) confirms this trend.
By 12:10 Moscow time, the price of silver exceeded $95 per troy ounce for the first time in history, reaching $95.2. At that moment, the increase compared to the closing of the previous trading session was 7.52 percent.
At its peak, the price of silver rose to $95.4 per ounce. Additionally, gold also set a historical record, as its price first surpassed $4720, reaching peak values of $4723.
Experts attribute the sharp rise in prices for major precious metals to the deteriorating geopolitical situation in the world.
