Spot Silver prices (XAG/USD) surged past $70 an ounce for the first time on Tuesday, as the precious metal continued its record-breaking rally this month.

Add Asianet Newsable as a Preferred Source

While spot prices rose around 2% to $70.48 an ounce, silver futures for March 2026 deliveries jumped 2.5% to $70.34 an ounce.

Meanwhile, silver miner Hecla Mining (HL) gained 3% premarket and is on track to trade at its highest levels in over 38 years. The iShares Silver Trust (SLV) was up 2% in premarket trading and is on track to open at its highest levels. 

Get updates to this developing story on Stocktwits.<

For updates and corrections, email newsroom[at]stocktwits[dot]com.<