Top Silver Surge: Supply Disruptions and Rate-Cut Hopes Push Prices to New Record High

Silver hit a new record as supply constraints, trading disruptions and U.S. rate-cut expectations fueled strong and sustained buying across global precious-metal markets.

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Top Silver Surge: Supply Disruptions and Rate-Cut Hopes Push Prices to New Record High

Top Silver Surge: Supply Disruptions and Rate-Cut Hopes Push Prices to New Record High
Silver extended its powerful rally and touched a fresh record high as trading disruptions and tightening global supply conditions boosted market sentiment. Spot silver climbed 1.4% to $57.29, surpassing Friday’s peak, after the Chicago Mercantile Exchange experienced a data center outage that halted silver trading for several hours. Traders were forced to hedge exposures through brokers over the phone, amplifying volatility.