No Data Yet
Spot silver has corrected to approximately $62 per ounce after reaching a record high near $64.70, a move largely attributed to profit-taking. The metal's significant 2025 rally is fundamentally supported by soaring industrial demand and a multi-year structural supply deficit, with accommodative central bank policy providing additional tailwinds.
Silver futures surged to a new record high above $59 per ounce, driven by a persistent structural supply deficit and rising industrial demand. Investor sentiment is strongly bullish, with markets pricing in a high probability of a US Federal Reserve rate cut, further fueling the rally.
The People's Bank of China (PBOC) has increased its gold reserves for the 13th consecutive month, a move that aligns with a broader global trend of central banks diversifying away from U.S. dollar-denominated assets. This sustained buying provides a strong fundamental support for gold amidst a historic rally in 2025.