Spot silver extends rally to hit $70 per ounce for first time

Spot silver scaled $70 an ounce on Tuesday, driven by strong industrial and investment demand, tightening inventories, geopolitical tensions, and expectations of further U.S. rate cuts.

Silver prices were up 1.5% at $70.06 an ounce by 1314 GMT, after hitting an all-time high of $70.18/oz.

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