Metals like silver and copper surged to new records after a chaotic trading outage on the CME Group’s Chicago Mercantile Exchange. Silver hit $56.53 an ounce, driven by hopes of a Fed rate cut and supply shortages. Copper also rose due to bullish predictions and supply shortfalls. The market remains tight, with silver inventories in China at their lowest since 2015. Silver’s surge is also fueled by fears of tariffs and a retreat from government bonds. Copper’s rise is attributed to a tightening market and expectations of monetary easing by the Fed. Trading volumes were low on Black Friday due to the CME disruptions.

Read more at Yahoo Finance: Silver, Copper Hit Records as Trading Turmoil Exacerbates Moves