Silver Sets New Records At $75, Eyes Best Month And Year Since 1979

Silver futures surged to a historic $75 per ounce on December 26, capping off a breathtaking rally that has pushed the metal into uncharted territory. The move has been driven in large part by acute physical shortages in China, where a retail buying frenzy has collided with tight supply, sending prices sharply higher. Month to date, COMEX silver – as tracked by the iShares Silver Trust (NYSE:SLV) – is up roughly 30%…