Silver Explodes! How Can It Rise This Far?
Silver prices remain in a very high range, having set a new record at around USD 58/oz and having risen more than 100% throughout 2025. This sharp rise is supported by three main factors: expectations that the Fed will cut interest rates this month, a weakening US dollar, and market concerns about supply. Many market participants view precious metals, including silver, as a safe haven when interest rates are expected to fall and economic uncertainty increases.
At the same time, fundamental supply factors are also driving prices. Silver inventories in major global warehouses, including China, have fallen to record lows, while demand from industries such as solar panels and electronics remains strong. After a strong rally in recent days, profit-taking has begun to occur in the market today, resulting in a slight price correction to the USD 56–57/oz range. However, the underlying sentiment remains bullish as long as the market remains confident that a Fed rate cut will occur and the issue of supply constraints remains unabated. (az)
The price of silver at the time of this analysis was released was $57,022
- Buy if the price moves within the range of $57,322
- Sell if the price moves within the range of $56,722
Resistance 2: $57,922
Resistance 1: $57,622
Support 1: $56,422
Support 2: $56,122
Disclaimer:
This article is analytical in nature and does not constitute a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
