---
title: "Silver and copper hit record highs, trading glitches amplify price volatility"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/267887968.md"
description: "On Friday, silver and copper prices hit record highs, primarily due to a malfunction at the commodity exchange under the CME Group, which intensified market volatility. Silver prices surged by 5.7% at one point, reaching $56.46 per ounce, while copper prices also rose significantly due to supply shortages and bullish forecasts. The malfunction affected trading on the New York Mercantile Exchange, but as trading returned to normal, futures on the London Metal Exchange continued to rise. Expectations of interest rate cuts by the Federal Reserve and supply tightness also supported the increase in metal prices"
datetime: "2025-11-28T20:30:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267887968.md)
  - [en](https://longbridge.com/en/news/267887968.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267887968.md)
---

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# Silver and copper hit record highs, trading glitches amplify price volatility

Metal prices surged on Friday, with increased market volatility, as silver and copper reached record highs following a prolonged outage at the commodity exchange operated by the CME Group.

Silver jumped as much as 5.7% to $56.46 per ounce, surpassing the peak reached during the historic tightness in the London market in October. Other factors supporting silver prices include rising market expectations for a Federal Reserve rate cut in December, inflows into physically-backed exchange-traded funds (ETFs), and ongoing supply constraints. Copper prices also soared amid supply shortages and bullish forecasts.

Previously, trading on the New York Mercantile Exchange (COMEX), part of the CME Group, was affected by the outage, while trading volumes in the U.S. were low due to "Black Friday." As most trading in the U.S. returned to normal in the morning, futures on the London Metal Exchange (LME) continued to rise.

As of 12:53 PM New York time, spot silver was quoted at $56.30 per ounce. Gold rose 1.4%, while platinum increased by 3.8%. London copper futures briefly rose 2.5%, reaching a record high of $11,210.50 per ton, before pulling back slightly, settling up 2.2%.

This new high for silver comes just over a month after severe supply tightness was reported at the main trading center in London. Although nearly 54 million ounces of silver arriving in London alleviated some of the tightness, the market remains noticeably constrained.

Traders are also paying attention to potential trade risks facing silver, as this precious metal was included in the U.S. Geological Survey's list of critical minerals in November.

Before this rise in copper prices, mining companies, smelters, and traders held a meeting in Shanghai this week, focusing on the tightening market issues. Kostas Bintas, head of metals at Mercuria Energy Group, reiterated his bullish forecast, warning that the rush to ship metals to the U.S. could deplete inventories in other regions

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