The surge was driven by expectations that the United States may cut interest rates
Silver hit a record high of $90 per ounce for the first time on Wednesday, January 14, 2025, amid ongoing international trade wars and rising tensions.
Silver, popularly referred to as the “white metal,” surged to a new record by gaining 5.3%.
Gold, despite reaching a new high of $4,600 on January 12, 2025, remained within $10 of its all-time peak.
Precious metals at the start of 2025 recorded a strong performance compared to previous years.
However, silver outperformed gold in 2025, supported by strong investor demand and tightened global supply.
The surge is believed to have been driven by expectations that the United States may cut interest rates.
Silver breaks $75 mark as gold, platinum hit record highs
In the first week of 2026, silver rose by about 20%, boosting profits compared to past years.
With prices now at record levels, some analysts caution that volatility may increase in the near term, even though longer-term fundamentals remain supportive.
The largest silver producers at present include Mexico, China, Peru, Chile, and Australia.
The top consumers of silver jewelry are India, China, the United States, Thailand, and Italy.
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