19.12.202505:47:34UTC+00Silver Hovers Near Record Highs

Silver prices have climbed above $65.5 per ounce as of Friday, maintaining momentum near unprecedented highs. This ascent is bolstered by favorable trade conditions and strong market fundamentals. Currently poised for the fourth consecutive weekly gain, silver's value has increased by over 120% this year. The surge in investor interest in silver and other precious metals is largely attributed to declining interest rates, growing fiscal uncertainties, and broad economic instability. These factors have heightened the appeal of silver as a safe haven and a source of higher returns, evident from the substantial investments pouring into silver exchange-traded funds by both institutional and retail investors. Additionally, robust industrial demand, especially from the burgeoning sectors of solar energy, electric vehicles, and data centers, has contributed to silver's strong performance. Moreover, the London market has experienced a supply crunch in silver, with constrained conditions anticipated to continue through 2026.