Gold prices exhibited a similar trend, though the decline was relatively smaller. Gold prices touched a new historical high of $4,543.51 per ounce during early trading before being influenced by the broader correction in the precious metals market, falling by over 4.5%. Since the beginning of this year, gold prices have accumulated gains of nearly 75%.
Market analysis suggests that the factors driving the sustained rise in silver prices since late November last year, including monetary policy expectations, demand prospects, and concerns over supply, remain present.
