Silver price hits new record amid supply concerns
Spot silver soared to a fresh peak of $58.81 per ounce, exceeding last Friday's record by 3.6%. This surge reflects growing fears over a tightening supply of silver in the market.
Key drivers of the price increase
- Supply shortages are pushing silver prices higher.
- Demand remains strong, amplifying the impact of limited availability.
- Investors are reacting to market signals that suggest enduring scarcity.
"Spot silver climbed to a new peak of $58.81 per ounce, surpassing last Friday's record by another 3.6%."
The rise signals significant shifts in the silver market dynamics, influenced mainly by reduced mining outputs and increased industrial usage, constraining silver stocks globally.
Silver’s price surge highlights the critical balance between shrinking supply and persistent demand, suggesting continued volatility ahead.
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