Index
Show
Silver nudges past $61 after record session
Spot silver climbed to $61.06 per ounce, up about 0.6%, after touching an all-time high of $61.46 earlier in the session. The rise extended momentum from a recent break above the $60 level.
What’s driving the move?
Two main forces are supporting the rally:
- Depleted inventories — Stock shortages have tightened supply, making it harder for buyers to access physical metal quickly.
- Firm industrial demand — Strong consumption from electronics, solar and other industrial sectors is lifting baseline demand for silver.
Market implications
For traders and investors, the combination of constrained supply and steady industrial use can create sustained upward pressure on prices. Short-term volatility is likely as markets digest inventory reports and economic signals, but the recent break above key technical levels has drawn renewed attention to silver as both an industrial commodity and a store of value.
What to watch next
- Inventory updates and physical market flows.
- Demand trends in industrial sectors like solar and electronics.
- Macro indicators that influence risk appetite and precious metals.