Overview
- Spot silver topped $61 in Asian trading, extending a breakout that set a record near $60.92 an ounce.
- CME FedWatch shows roughly 88% odds of a quarter-point US rate cut today, a backdrop that favors non-yielding metals.
- Supply remains constrained after an autumn squeeze, with elevated borrowing rates and decade-low Shanghai stocks signaling lingering tightness.
- Investor demand has accelerated, with silver-backed ETFs adding about 324 tonnes in the past week, according to new flow data.
- Silver is up about 107% year to date, far outpacing gold’s roughly 59–60% rise, and India spot rates hovered near ₹1,87,880 per kg Wednesday.