Spot silver climbed for the sixth consecutive session, rising about 2% to reach a lifetime high of $57.85 per ounce in global markets. The fresh peak underscores growing investor interest in the white metal amid shifting economic and market conditions.
Why silver is moving higher
- Safe-haven demand: Uncertainty in global markets often drives investors to precious metals, and silver can benefit alongside gold.
- Inflation and real rates: Expectations of higher inflation or lower real interest rates make precious metals more attractive as a store of value.
- Weak dollar and policy shifts: A softer US dollar and talk of easier monetary policy typically support dollar-priced commodities like silver.
- Industrial demand: Silver’s use in electronics, solar panels and green technologies adds fundamental support to prices.
Market implications
A sustained rally to record levels can affect a range of market participants. Miners and producers may see profit potential and increased investment interest, while industrial users face higher input costs. For traders, rapid gains can increase short-term volatility and the risk of corrections.
What to watch next
- Moves in the US dollar and interest rate expectations
- Flows into silver-backed ETFs and other investment vehicles
- Data on industrial demand and supply disruptions from major producers
- Gold’s price action, which often influences silver
For now, silver’s climb to $57.85 per ounce highlights strong momentum in precious metals. Investors and businesses that depend on silver should stay alert to macroeconomic signals that could change the trend quickly.