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Silver had been trading in a $17 to $18 per ounce range for most of October. On Friday, October 25, the price of nearby December futures broke out of the range on the upside as silver traded to a high at $18.35, the highest price since late September.
Silver can be the most volatile precious metal that trades on the futures exchange as it tends to attract speculative interest when the price starts to trend higher or lower. Silver has been in the spotlight over the past months. More than a handful of traders at