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The precious metals sector is showing a particularly positive momentum, with silver leading the way. Metal prices, especially spot silver, have broken through the $87 per ounce mark, surpassing the levels reached on February 5th for the first time. During the trading day, silver rose by 2.87%, reflecting renewed investor interest in this precious metal.
Meanwhile, the momentum extends to derivatives markets. Silver futures traded in New York also appreciated to $87 per ounce, showing a much more substantial increase of 5.66% over the same period. This performance gap between the spot market and futures contracts suggests increased activity from institutional operators. The upward trend in metal prices reflects ongoing transformations in international markets.