Silver rose above $45 per ounce for the first time since 2011

Quotations of December silver futures on the Comex exchange on Wednesday exceeded the mark of $45 per troy ounce, which was the highest in the last 14 years (since May 3, 2011). The price in morning trading rose by 1.68% to $45.01, further accelerating its growth to $45.23 (+2.3%).

The rise in silver is also accompanied by an increase in gold prices: December futures rose to $3790.8 per ounce (+0.63%). Earlier, on September 22, the price of gold exceeded $3,750 for the first time in history, adding 1.2%.

Then the December gold contract on Comex rose by $45.22, or 1.22%, to $3751.02, and silver rose by 2.65%, reaching $44.09 per ounce.

Thus, both precious metals continue to show a strong upward trend against the background of growing investor interest in protective assets.