Silver rises 9%

Silver rose 9% to hit a record high on Friday, bolstered by multiple factors including a market deficit and increasing industrial demand. The white metal was at a record high of $78.53 an ounce. Other precious metals also gained on Friday, with spot gold at an all-time-high of $4,549.71/oz and platinum at a record high of $2,454.12/oz after a 10% climb. Spot palladium registered a more than 14% gain on Friday, and was last at $1,924.03/oz. Hon Brian Scavo

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