Silver prices hover near record levels
Istanbul, December 15 (Hibya) — Silver steadied around $62.5 per ounce on the first trading day of the new week, hovering near record levels and posting gains of over 100% since the start of the year.
The rally was supported by strong industrial demand from the solar power, electric vehicle, and data center sectors, alongside declining inventories and the metal’s inclusion on the U.S. critical minerals list.
Robust ETF inflows and retail buying provided additional support, strengthening expectations of a market supply deficit next year. Silver also benefited from a weaker dollar following last week’s Federal Reserve rate cut, though prospects for further easing in 2026 remain uncertain.
Despite these gains, silver fell more than 2% on Friday as analysts warned of stretched valuations versus gold and the potential impact of U.S. tariff exemptions.
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