Silver has surged to a record high of $63 per ounce, driven by robust ETF inflows and increased physical demand. This development comes as Bitcoin's price fell to $90,000, trailing behind the performance of traditional hard assets like gold and silver. Silver ETFs have seen significant activity, with 15.3 million ounces added in just four days, marking the second-largest weekly inflow on record.
Meanwhile, central banks have continued to bolster their gold reserves, purchasing 53 tonnes in October. Economist Peter Schiff highlighted Bitcoin's declining position relative to silver, while crypto analyst Ran Neuner suggested a potential rebound for cryptocurrencies in the near future.
Silver Reaches Record $63 as Bitcoin Slips to $90,000
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