Spot silver fell 0.4 per cent to $54 per ounce, after hitting a record high of $54.47, tracking the rally in gold and a short squeeze in the spot market
Bullion is on track for a second consecutive weekly increase, with a 2.5 per cent gain so far
Bullion’s eighth record high of 2025 has brought the glittering $3,000 milestone into view
The fall in prices is significant for UAE residents, where gold plays a key role in savings and investments