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Bright Silver Breaks Out Strongly, Gold Not Falling Behind
The precious metals market has recently experienced notable turning points. According to data recorded from commodity exchanges, spot silver prices experienced an impressive 4.00% increase in this session, currently holding at $79.70 per ounce.
Especially, spot gold prices are also not left out, with a 0.70% increase and for the first time surpassing the psychological threshold of $4,480 per ounce. This movement reflects investor sentiment towards safe-haven assets in the current market environment.
Both precious metals show signs of buyer strength, with silver leading with a larger increase margin, driving the upward trend in the market.