Silver price surges to record levels after Comex trading outage

Silver Price Reaches New Record After Comex Outage

Spot silver surged to a new all-time high of $58.81 per ounce, rising 3.6% above last Friday’s record. The rapid increase followed a temporary technical outage on the Comex exchange, which disrupted trading and created additional volatility across precious metal markets.

Market Context

Analysts attributed the surge to renewed supply concerns and ongoing demand from investors seeking safe-haven assets amid global economic uncertainty. The temporary suspension of trading amplified price momentum as speculators reacted swiftly once markets reopened.

Investor Sentiment and Projections

Traders report that physical silver supply remains tight, while industrial demand—especially in the solar and electronics sectors—continues to strengthen. This combination, together with market disruptions, has fueled expectations of sustained high prices in the near term.

“The outage on Comex merely accelerated a rally that was already forming due to fundamentals,” said a senior commodities strategist.

Industry observers note that while such spikes can invite short-term corrections, underlying trends favor ongoing bullishness in precious metals.

Author’s summary: Silver hit a record $58.81 per ounce after a Comex outage, driven by supply fears, strong industrial demand, and investor flight to safe assets.

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Mining.com Mining.com — 2025-11-28

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