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2025-12-12 23:30:29
Silver prices are poised for their strongest annual performance since 1979, with a weekly gain expected to reach 10%. The metal is on track for its best annual performance since 1979, driven by a combination of factors including inflows into exchange-traded funds, momentum trading, and tight supply in the physical market. On Friday morning, silver prices climbed to a record high above $64 per ounce, experiencing significant volatility. This week, silver prices have risen by approximately 10%, largely boosted by dovish signals from the Federal Reserve. Most analysts believe that this round of silver price increases cannot be explained by a single driving factor. Rising silver prices often have a self-reinforcing effect, as retail investors and momentum traders are frequently attracted to this volatile metal.
