<div id="readability-page-1">Silver futures extended their record-breaking rise Tuesday, closing above $60/oz for the first time, driven by fears of a global silver supply squeeze and anticipated rate cuts from the U.S. Federal Reserve; gold also rose, but more modestly. The silver market is headed for a fifth straight annual deficit this year, as constrained production meets ...</div>

<p>Silver futures closed above $60/oz for the first time, driven by fears of a global supply squeeze and anticipated U.S. Federal Reserve rate cuts. The silver market faces a fifth consecutive annual deficit due to constrained production. Gold prices also rose, but less significantly.</p>

Silver closes above $60 for first time on US rate cut bets, tight supply