Silver prices have climbed to record levels, extending a powerful rally across precious metals as investors respond to shifting interest rate expectations, geopolitical tensions and strong industrial demand.
The metal rose above $75 per ounce, with some trading sessions pushing prices toward the upper $70s, marking an unprecedented milestone. The surge comes alongside record or near-record gains in gold and platinum, signalling broad-based momentum in the commodities sector.
Analysts attribute the rally partly to growing expectations that major central banks may begin cutting interest rates in the coming year. Lower rates tend to boost demand for non-yielding assets such as precious metals, making them more attractive as stores of value.
Geopolitical uncertainty has also played a role, with ongoing conflicts and trade tensions driving safe-haven demand. At the same time, silver’s dual role as both an investment asset and an industrial metal has amplified buying interest, particularly from sectors linked to renewable energy, electronics and manufacturing.
Market participants noted that strong inflows into exchange-traded products and increased futures positioning have added to upward pressure. Some investors view silver as undervalued relative to gold, contributing to renewed interest as prices accelerate.
While momentum remains strong, analysts cautioned that heightened volatility could accompany such rapid gains. Profit-taking and shifts in macroeconomic signals may influence near-term price movements, though longer-term fundamentals continue to support elevated demand.
The rally underscores a broader reassessment of precious metals amid changing monetary policy expectations and global uncertainty, with silver emerging as one of the standout performers in recent market activity.
