Overview
- Spot prices climbed to roughly $61.6 an ounce after a clean break of the $60 mark, extending 2025 gains that have more than doubled silver’s value.
- Traders price an 87%–89% chance of a 25-basis-point cut, with speculative positioning and options activity adding to momentum.
- ETF demand accelerated with a reported 324 tonnes added in a week, reinforcing investment flows into the metal.
- Supply strains persist as London borrowing rates stay elevated and Chinese inventories hover near decade lows, following October’s vault squeeze.
- India’s market reflected the surge, with retail quotes near ₹1.92 lakh/kg and MCX futures around ₹1.88–1.92 lakh/kg, including an ₹11,500 single-day jump in Delhi.