The prices of precious metals rallied on Thursday, with silver reaching a new record high and passing the $50 mark. The prices likely continued to be affected by the United States government shutdown, which has put many economic data releases on hold, raising even more concerns about the state of the economy and leaving investors without clear guidance.
Silver surged 2.35%, selling for $50.03 per ounce, at 8:30 am ET. A minute later, gold was flat, going for $4,041.23 per ounce. At 8:33 am ET, platinum was up 0.22% to sell at $1,673.51 per ounce, and palladium soared 3.75%, going for $1,461.47 per ounce.