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| Above, an 1883-O Morgan dollar. Photo by Armand Vaquer. |
Silver is going gangbusters this week. It is nearing the fifty-dollar mark in spot price.
It is currently at $47.505/toz at COMEX.
According to FXStreet:
Silver price (XAG/USD) holds onto gains near the all-time high around $47.80 during the Asian trading session on Thursday. The white metal posted a fresh all-time high on Wednesday as funding to the United States (US) government stopped after the short-term funding bill failed to achieve a majority in the House of Senate on Tuesday.
The US government shutdown has increased the appeal of safe-haven assets, such as Silver.
US Vice President (VP) JD Vance has warned that the White House would need to resort to lay-offs if the shutdown remains for more than a few days, Reuters reported.
To read more, go here.
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