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Silver prices surge to record highs as macro tailwinds strengthen
Silver hit record highs as Fed rate cuts, softer inflation, and weak jobs data weighed on the dollar, boosting precious metal demand and bullish price momentum.
Silver prices extended a sharp rally, hitting fresh record highs as easing US monetary policy and softer economic data lifted demand for precious metals. Spot silver closed near $67.17 after touching an all-time high of $67.46, gaining over 8 percent in a week. The move followed the US Federal Reserve’s third consecutive rate cut, alongside cooling inflation and weaker labour data, which pushed the dollar lower and reinforced bullish momentum in silver markets.