How an epic short squeeze drove silver's first record in 45 years

Silver hit $53.55 in London on Tuesday, about $3 higher than the last record set in 1980. A short squeeze fueled the jump as the metal has faced a growing supply shortage. Like gold, silver has also been increasingly popular as a safe-haven asset amid economic uncertainty. Traders rushed to buy silver after the metal reached an all-time high on Tuesday. Silver futures hit $53.55 an ounce in early intraday trading in London, about $3 higher than the last record set in January 1980. The commodity so ...