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Spot silver hits fresh record, topping October’s peak amid tight supply
Silver rose to a record level on tightening supply and strong demand, surpassing its October peak as investors flocked to safe-haven and industrial metals.
Spot silver surged as much as 2.6% to a new record high on November 28, surpassing the October peak driven by a historic London market squeeze. Rising safe-haven demand and constrained supply helped push prices higher. The rally underlines growing investor interest in precious metals amid macroeconomic uncertainty and renewed demand for industrial and investment use.