Silver Prices Surge: Spot Silver Hits $74.35/oz, Breaking Previous Record High of $64.32/oz.

Spot silver prices rose nearly 3% to $74.35/oz on Thursday, marking a fresh record high. The surge in silver prices follows a trend of rising precious metal prices, with gold also reaching a seven-week peak. The recent increase in silver prices has been attributed to a number of factors, including a decline in the US dollar and a decrease in treasury yields following the Fed's interest-rate cut.