Silver Near Record Highs—Can It Still Rise or Will It Correct?
Silver prices held steady around US$62.5 per ounce on Monday, still near record highs and up more than 100% since the start of the year. This sharp rise was driven by tighter supplies and continued strong industrial demand, especially after silver was added to the list of essential minerals in the US.
The largest demand came from booming sectors: solar energy, electric vehicles, and data centers. Furthermore, ETF inflows and retail purchases also boosted sentiment, making the market increasingly confident that the supply deficit could persist next year.
However, the market remains cautious. After a long rally, silver fell more than 2% on Friday as some analysts believed it was already overpriced compared to gold, making it vulnerable to profit-taking. There are also concerns that policies such as US tariff exemptions could impact demand. Meanwhile, the dollar, which weakened after the Fed's interest rate cut last week, remains a cushion, although the direction of further easing in 2026 remains unclear. (az)
Source: Newsmaker.id
