White gold in demand: silver breaks above $87 per ounce

SerumSquirrel · 2026-03-12T23:12:18+00:00

Silver prices have surged globally, reaching $87 per ounce for the first time in weeks, reflecting increased investor interest amid economic instability. Spot and futures markets show significant gains, indicating strong demand and bullish trends.

SerumSquirrel

2026-03-12 23:12:18

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Silver prices on global markets surged, reaching $87 per ounce for the first time in several weeks. According to the financial platform Jin10, this jump occurred within a single day and amounted to an impressive 2.87%. This movement reflects growing investor interest in precious metals amid global economic instability.

Record spike in spot market prices

Significant changes occurred in the spot silver market. For the first time since February 5, the price of the white metal exceeded the psychological level of $87 per ounce, indicating an increase in bullish trends. This growth demonstrates rising demand among traders and investors who see potential in the metal’s price recovery under current market conditions.

Silver futures in New York showed an even stronger rise

Even more impressive results were seen in the futures markets. Silver futures traded on the New York exchange also soared to $87 per ounce, with a daily gain of 5.66%. Such a double-digit increase in the futures market indicates intense speculative activity and serious market expectations for further growth in silver prices amid the current economic situation and demand prospects for the metal.

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