Silver Climbs to $87 Per Ounce as Markets Rally Sharply

2026-02-28 08:07:46

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Silver prices have posted impressive gains across spot and futures markets, with the precious metal reaching $87 per ounce for the first time since early February. This rally reflects growing momentum in the commodities sector, driven by broad market dynamics and investor interest in traditional hedges.

Spot Silver Hits Fresh Highs

The spot silver market demonstrated particularly strong performance, with prices climbing to $87 per ounce and gaining 2.87% in intraday trading. According to Jin10 market data, this move represents a significant breakthrough to fresh territory, marking renewed investor appetite for physical silver exposure. The surge to this level had not been seen since February 5, indicating accelerating upward pressure.

Futures Markets Amplify the Rally

New York silver futures contracts have demonstrated even stronger momentum, with prices reaching the same $87 per ounce threshold while posting a more pronounced 5.66% advance during the same period. This divergence between spot and futures gains—with futures showing more aggressive upside—suggests institutional buying activity and growing conviction about silver’s near-term direction. The coordinated strength across both markets underscores the broad-based nature of this rally, signaling that silver’s recovery extends beyond casual market movement into more serious price discovery.

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