$XAG Silver Surges Past $120 Mark! 🚀 Precious Metal Rally Continues

The commodities market is experiencing historic moments. Silver has not only broken recent highs but also surged past significant psychological barriers. This highlights strong market interest and capital flow.

🔹 Massive buying pressure propelled New York Silver futures up 5.73% intraday, officially crossing the $120/ounce threshold. Spot Silver also reached this valuation for the first time, setting a new historical record for the white metal. 📈

🔸 Recently, Silver prices have seen a parabolic growth rate, rising by nearly $50 in a short period. This rapid momentum suggests significant buying interest from both retail investors and major funds, driven by inflation concerns and supply scarcity. 💰

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With such a strong rally, is the market overheating and due for a sharp correction? Or could the $150 mark be the next destination in the coming weeks? 🤔

This news is for reference only and not investment advice. Please conduct your own research before making any trading decisions. 💡