Silver and platinum prices rose by 60% and 79% respectively this year

Spot silver and spot platinum fell slightly at the beginning of the European session, but prices rose by 60% and 79% respectively this year. Analysts at Saxo Bank pointed out that silver and platinum performed outstandingly under the influence of factors such as gold rush, tight supply and relatively cheapness.
A weaker dollar and a U.S. rate cut supported prices for both metals, with strong industrial demand and supply restrictions also supporting them.