Silver Prices Dip Despite Record High

Silver prices experienced a slight dip after reaching an all-time high, while gold also saw a decrease. Despite this, silver remains close to its record-setting price. The metal had an impressive eight-day winning streak due to supply speculation and expectations of lower US interest rates. The US dollars strength made metals more expensive for international buyers. Silver has nearly doubled in value this year, outperforming gold, and is on track for its best annual gain since 1979. A historic silver squeeze last October led to supply tightness, with warehouse inventories hitting decade lows. Traders are watching for potential US tariffs on silver, which could impact market liquidity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.