Silver Breaks $101, Intel Stock Plunges 17%: What’s Moving Markets Friday?
Precious metals continued to dominate Wall Street headlines on Friday as silver surged through the $100-per-ounce threshold and traded around $101 per ounce by midday in New York, marking a staggering 230% gain over the past year.
Gold flirted with the equally eye-catching $5,000-per-ounce level, a price that stood nearly 80 percentage points lower just a year earlier.
The rally extended beyond gold and silver. Across the broader commodities complex, momentum remained strong.
Palladium jumped 6%, breaking above $2,000 per ounce for the first time since November 2022, while platinum surged 5% to fresh all-time highs above $2,700 per ounce. Copper climbed 3% to $6 per pound.
Energy prices also pushed higher. Henry Hub natural gas rose another 2% to $5.15 per million British thermal units, lifting week-to-date gains to more than 60% and marking …
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