Market data has shown that there is no reason to expect the US to hit a new record high in gold, silver and copper prices.
And as Bloomberg reported on Tuesday, the US copper market is in much better shape than investors anticipated, with the price of copper now at $1.23 per ounce, less than the $1 per ounce at the beginning of the year.
As a result, the price has jumped from around $2 per ounce in mid-March to a peak of $4 per ounce on Monday.
The latest news on the silver market comes from Silverpoint, which reported that the price is now at a 52-week high of $8.17 per ounce.
The price of silver has been hovering around $6 per ounce for some time.
The silver market is also showing signs of resilience, with prices rebounding from the worst losses in more than a decade, according to Silverpoint.
Silver prices are also rebounding slightly from the highs they hit in late June.
But Silverpoint said there are a number of reasons for the silver price recovery, including stronger demand and increased production.
The latest silver price report comes as the Trump administration has put forth a sweeping plan to cut taxes for corporations and the wealthy.
The plan has drawn criticism from critics, and the administration is now trying to explain that it will not affect any businesses.
The US silver market could be in for another big rebound if the Trump team is successful in implementing its plans, Silverpoint’s Morgan Gaffney said in a research note.