Silver price broke $45 for the first time since 2011, and gold approaches record high.

Silver prices broke through $45 per ounce for the first time in 14 years, while gold approached another record high, supported by market risk aversion and continued concerns about the direction of the US economy. Spot silver rose 2.6% at one point, continuing its strong upward trend so far this year, with gains of over 55% year-to-date. This exceeds gold's 43% increase. Boosted by factors such as a weakening US dollar, central bank purchases, and rising geopolitical risks, gold has already set more than thirty record highs this year.