
Markets Rally on Black Friday as Silver Hits Record Highs
•By ADMIN
U.S. markets extended their winning streak on Black Friday, marking a fifth straight day of gains as optimism over potential rate cuts fueled a broad rally across tech, crypto, and commodities.
Major indexes climbed: the S&P 500 rose ~0.4%, the Nasdaq 100 added ~0.6%, and the Dow Jones Industrial Average jumped roughly 300 points — all hovering near or at record‑high territory.
At the center of the surge: Intel Corporation (INTC) led the S&P 500, surging nearly 8% as investors snapped up beaten‑down tech names. Crypto‑related stocks also benefited: Bitcoin steadied around the $90,000 mark, giving a lift to firms like Coinbase Global, Inc. and Circle Internet Group, Inc..
Commodity markets went wild. Silver rocketed nearly 5% to an all‑time high of $55.80 — up about 93% year‑to‑date, putting it on pace for its strongest annual performance since 1979. Other metals and energy assets also surged: copper and natural gas rose sharply, while crude oil added gains as markets shook off earlier losses.
Why now? Traders are increasingly pricing in a ~88% probability that the Federal Reserve will cut interest rates by 25 basis points in its December 10 meeting — up significantly from just 50% last week. That growing rate‑cut optimism helped reignite risk‑on sentiment across multiple asset classes.
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