Silver in the spotlight: the rise in precious metal prices on global markets

fren.eth · 2026-02-27T04:14:17+00:00

Silver prices surged to $87 per ounce this week, marking a return to early February levels, with a day-over-day increase of 2.87%. Futures on the New York Exchange rose even more steeply by 5.66%, indicating strong market demand driven by macroeconomic factors and investor behavior.

fren.eth

2026-02-27 04:14:17

Abstract generation in progress

Precious metals continue to attract investors’ attention, and silver is no exception. This week, prices for this noble metal showed a noticeable increase, with the spot price reaching $87 per ounce. This historic move marks a return to the highest levels the metal has not seen since early February. According to the analytical platform Jin10, the one-day gain was 2.87%, indicating active buyer interest in precious metals in the current market.

Contrasting indicators across different markets

It is interesting to note the difference in dynamics between various segments of the metals market. While spot silver rose by 2.87%, futures contracts for silver traded on the New York Stock Exchange showed an even more impressive result — a 5.66% increase over the same period. Futures also broke the $87 per ounce level, demonstrating more active demand from professional market participants and hedgers.

What drives the price movement

The rise in prices for precious metals, including silver, often reflects changes in macroeconomic conditions and investor behavior. The higher growth in futures compared to spot prices may indicate growing expectations of further demand for this precious metal. Investors seem to position themselves on the assumption of a continued upward trend, which explains the gap between the two types of quotes.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.