The price for the precious metal has doubled this year amid a global inventory squeeze.Silver prices rose to a record high Tuesday, surpassing the $60 milestone for the first time as the precious metal has outpaced gold this year amid a global supply squeeze and another expected interest rate cut by the Federal Reserve.Spot silver rose about 4% over the last day to around $60.82 per troy ounce on New York’s Commodity Exchange as of Tuesday afternoon, while silver futures jumped more than 4% to nearly $61, a ...