Spot silver continued its sharp rise, hitting a record high above $83.

Odaily Planet Daily reports that international spot silver opened above $80/ounce on Monday and continued its surge, reaching a record high above $83, extending its historic rally as the year draws to a close. Spot silver has risen for the sixth consecutive trading day, closing up 10% on Friday, marking its largest single-day gain since 2008. Spot silver has risen more than 185% this year, on track for its best annual performance since 1979. Analysts say the recent rise in silver is driven by speculative inflows and continued supply disruptions in major trading centers following the short squeeze in October. (Golden Ten)