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Silver rally takes a breather as traders reassess stretched momentum
Silver prices eased after a record rally, with traders using the pause to lock in gains and reassess momentum amid holiday-thinned volumes and shifting macro cues.
After a powerful run, silver prices paused on December 24 as profit taking and thin holiday liquidity tempered near term enthusiasm. Futures remain sharply higher year to date, supported by safe haven demand, a softer US dollar, and expectations of interest rate cuts. The popular silver ETF reflected the slowdown, trading near recent highs as momentum indicators signalled overbought conditions. The pause as a healthy consolidation, allowing positioning to reset and technical support levels to form.