New Pacific Metals shares rise 10.21% intraday as spot silver hits record high of $54.5/oz, boosting silver mining stocks.

New Pacific Metals surged 10.21% intraday, driven by spot silver reaching a record high of $54.50 per ounce and a near 3% daily gain. The company, primarily engaged in silver mining and development, is directly impacted by fluctuations in precious metal prices.