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China: Silver price tops 80 U.S. dollars, setting record high
Shotlist FILE: Seoul, South Korea - Date Unknown (CCTV - No access Chinese mainland) 1. Various of silver bars for sale 2. Silver products shown on screen 3. Various of salesperson showing silver bar FILE: Beijing, China - April 2024 (CCTV - No access Chinese mainland) 4. Various of silver coinages, silver ingots, silver bracelets for sale FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland) 5. Various of copper ores; copper mining equipment in operation FILE: Anhui Province, east China - Date Unknown (CCTV - No access Chinese mainland) 6. Various of electrolytic copper production in factory FILE: Yangzhou City, Jiangsu Province, east China - May 2021 (CCTV - No access Chinese mainland) 7. Various of copper wire rolls Storyline Silver prices surged past 80 U.S. dollars per ounce for the first time on Monday, hitting a new record high. The silver futures price on the New York Mercantile Exchange surged to a high of 83 U.S. dollars per ounce on Monday, representing a gain of more than 175 percent since the start of the year, before retreating below the 80-dollar threshold. On the same day, the silver spot price on the London Metal Exchange briefly exceeded 80 U.S. dollars per ounce during the day. Besides silver, recent volatility in copper prices has also captured significant market attention. Benchmark three-month copper futures on the London Metal Exchange reached a record intraday high of 12,960 U.S. dollars a ton on Monday. As of 10:30 Beijing time on Monday, the three-month copper price on the London Metal Exchange was 12,914.05 U.S. dollars per ton, marking a daily gain of 6.18 percent.
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