Investors are telling a story in the latest adaptation of Treasure Island, where one doesn't have to be a buccaneer to turn a profit. The quest for precious metals has led to new heights in 2024, with gold nearly reaching $2,

Silver rose to its highest level in nearly 12 years on Thursday, riding the coattails of gold's rally to record peaks as interest rate cuts by major central banks fuelled investment interest in precious metals.

Silver hit the highest since 2012 as expectations for additional interest-rate cuts from the Federal Reserve help to boost precious metals.

On Thursday, silver hit $32.43 an ounce, its highest price since 2012. The metal is up 35% so far this year. That beats a 30% rally for gold, which has been trading at all-time hi

Gold prices continued their run-up on Thursday, with the front-month contract rising for the seventh straight session to yet another record-high, but silver has been riding gold's coattails and its YTD gains have now surpassed the yellow metal.