Silver raises its gains since the beginning of the year to 115%

Silver rose today, in spot transactions, 0.5 percent to $62.09 per ounce after recording a record high of $62.88 earlier in the session, bringing its gains since the beginning of the year to 115 percent thanks to strong industrial demand, a decrease in inventories, and its addition to the list of critical metals in the United States.
Gold fell in spot transactions 0.2 percent to $4,220.09 per ounce, and US gold futures contracts for February delivery rose 0.5 percent to $4,247.50 per ounce.
The Federal Reserve cut interest rates by 25 basis points after a divided vote yesterday, but indicated that borrowing costs may not be reduced further until there are clearer signs of a slowdown in the labor market and inflation, which is “still fairly high.”
Most policymakers expect to cut interest rates again next year only once. Federal Reserve Chairman Jerome Powell declined to provide any indications on the timing of any further cuts.
Low interest rates usually support non-yielding assets such as gold.
Investors are now awaiting US November non-farm payrolls and unemployment data, scheduled for December 16.