Silver $XAG Jumps Above $85 an Ounce as Traders Weigh Market Balance.

Silver jumped, extending a run of elevated volatility, as an industry body pointed to stronger investment buying and weaker industrial demand in the year ahead.

The metal rose as much as 6.6% on Wednesday, about a third higher than last week’s low. The silver market will be in deficit for a sixth consecutive year, according to a report published by the Silver Institute, as surging investment outweighs wilting demand for jewelry and efforts to curb use in the solar sector.