Silver breaks $65 as rate-cut bets return and gold firms

Welcome back to GoldBank Insider. Today we’re talking about a big milestone in precious metals: silver has vaulted above $65 an ounce for the 1st time, hitting fresh record highs and gold is rising too as US labour data points to a cooling jobs market and strengthens the case for more rate cuts next year.

What happened in the market

Silver surged into record territory, trading around $65 to $66+ per ounce during the session, with spot prices printing fresh all-time highs as momentum accelerated. Gold moved higher alongside it, supported by a softer tone in US data and a US dollar that lost some shine conditions that often help non-yielding assets like bullion.

The main drivers behind silver’s breakout

There are 3 forces stacking up here:

1)  ...