Silver futures continued their strong rise on Wednesday, reaching a record high for the fourth consecutive trading day. By the close, the price of silver futures for delivery in March next year on the New York Mercantile Exchange closed at 71.685 US dollars per ounce, an increase of 0.77%. Some analysts pointed out that the rise in silver prices is driven by factors such as interest rate cuts by the Federal Reserve and increased industrial demand and investment demand. However, the rapid rise in silver prices includes a large number of speculative positions, and investors need to be wary of the risk of a sharp correction in silver prices in the short term.

Silver futures continued their strong rise on Wednesday, reaching a record high for the fourth consecutive trading day. By the close, the price of silver futures for delivery in March next year on the New York Mercantile Exchange closed at 71.685 US dollars per ounce, an increase of 0.77%. Some analysts pointed out that the rise in silver prices is driven by factors such as interest rate cuts by the Federal Reserve and increased industrial demand and investment demand. However, the rapid rise in silver prices includes a large number of speculative positions, and investors need to be wary of the risk of a sharp correction in silver prices in the short term.