Silver at new record high of $42/oz

Gold and silver rose to new record nominal highs (all time and 31 year respectively) in Asian trading overnight. Both have given up earlier gains with profit taking being cited. Cash silver surged nearly 3% in Asia to $41.9525 an ounce, a new 31 year high, before trading at $41.31 an ounce. Silver nearly 3% surge in trading in Asia may indicate that the long expected short squeeze may be

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