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Precious metals like gold continue to beat market expectations and now it's Silver's moment in the sun.
It's hit a record high, more than $60 an ounce,
that's up more than 100% since the start of the year.
Needless to say, it's been a busy week on the metals desk, so I called up a commodities trader,
Oli Hansen, from Saxo Bank in Denmark to take us through what's really driving this rally.
Silver has been living a double life because on one hand it's an industrial metal,
but also it's an investment metal.
The higher gold prices early this year helped trigger some demand for not only silver but also platinum
because they were relatively cheap compared to gold.
Since then it has just continued that we are seeing a world where there's a lot of uncertainty out there that's worse about that.
We see this de-globalization, we're in the process of we got inflation,
which is likely to remain at a sticky high levels than that,
attracting investment demand into silver.
But then we have the whole industrial side of things as well.
Silver is part of the new technologies.
It's anything from electrical vehicles to solar panels to AI to data centers.
And Ollie, when did you realize this bar was heading for a record high?
Well, the market's been focusing, first of all,