Silver prices climbed above $100 an ounce for the first time on January 23 as investors moved into safe-haven assets. Gold also hit another record and edged closer to $5,000 an ounce.
Spot silver jumped 5% to $100.94 an ounce by 18:48 GMT. The metal has risen more than 200% over the past year, supported by difficulties in expanding refining capacity and a persistent shortage of supply.
Spot gold was up 0.6% at $4,964.81 an ounce after touching a record high of $4,988.17 earlier in the session. U.S. gold futures for February delivery settled 1.4% higher at $4,979.70.
Since...