Spot silver breaks through the $70 historic level, rising 1.7% in one day

According to PANews, the spot silver price has once again reached a new high, surpassing the $70 per ounce mark. This increase records a 1.7% gain compared to the previous day, further setting a new all-time high.

Reaching such a high level for silver prices is a significant milestone in the commodity market. Breaking through the $70 threshold is a notable point for investors and reflects a shift in market sentiment. Previous reports indicated that spot silver first reached the $70 level, but this movement suggests that upward pressure continues to persist.

This upward trend in silver prices is believed to be influenced by multiple factors, including the global economic environment, inflation concerns, and increased demand for safe-haven assets. Spot silver breaking through $70 is likely to serve as an important price level in future market developments.