Physical silver surges in 5-ounce units, surpassing $90 per ounce

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Significant price increases are being observed in the silver market. The spot silver price has surpassed the $90 per ounce level, reflecting rapid price movements in response to recent market environment changes. According to Jin10 market data, this asset has recorded a daily increase of over 5%, rebounding more than $18 from its recent weekly low.

Record-breaking Rise in the Spot Silver Market This Week

The pace of physical silver price increases is accelerating and attracting market attention. For investors considering trading in 5-ounce units, this price level rise signals a shift in market sentiment. The large price swings, exceeding $18 within a week, indicate significant fluctuations in supply and demand balance within the market.

Growing Investor Demand Supports Silver Prices

Several market factors are believed to underpin the rise in spot silver prices. As a precious metal, silver is susceptible to increased industrial demand and investment demand as a safe haven asset. The buying pressure from investor groups, including position adjustments in 5-ounce units, appears to be driving the current price increase.

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