TechFlow, Oct 10 — According to Jinshi Data, spot silver is currently hovering around $50 per ounce, having hit a record high of $51.22 the previous trading day. Since the beginning of this year, silver has surged by 76%. Hugo Pascal, precious metals trader at InProved, said: "Given rising lease rates, a明显 pronounced spot premium curve, and a lack of liquidity in the London OTC market, silver volatility is expected to intensify further." Meanwhile, analyst Ebkarian noted: "If the market reverts to 'contango' and pressures ease, silver could see a brief pullback—which might just be the next excellent buying opportunity."
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