On Tuesday, January 20, there was a significant increase in the price of silver during commodity trading, which was a result of a similar rise in gold prices. Data from Comex, a division of the New York Mercantile Exchange, confirms this fact.
At 12:10 Moscow time, the price of the precious metal exceeded $95 per troy ounce for the first time, reaching $95.2. Thus, the increase compared to the previous trading session was 7.52 percent.
At its peak, silver traded at $95.4 per ounce. At the same time, gold also demonstrated record results, with its quotes exceeding $4720 for the first time, reaching a peak value of $4723.
Analysts attribute the sharp rise in prices for major precious metals to the current tense geopolitical situation in the world.
