Silver Nears $50 on Safe-Haven Demand and Supply Constraints

2025-10-10 15:52 By Joana Ferreira 1 min. read

Silver traded at $50 per ounce, close to Thursday’s record high of $51.30, and was on track for its eighth consecutive weekly gain, supported by strong safe-haven demand and persistent supply constraints.

Prices extended their rally on Friday after US President Trump said there was no reason to meet with China’s Xi Jinping in two weeks in South Korea and signaled plans to raise tariffs on Chinese imports.

The metal has surged more than 70% this year, as investors respond to rising US fiscal risks, expectations of lower interest rates, concerns over Federal Reserve independence, and mounting global debt pressures.

Political uncertainty—including the US government shutdown, unrest in France, and leadership changes in Japan—has further boosted demand.

A shortage of readily available silver in the London market has added upward pressure on prices.

With consumption spanning both investment and industrial uses silver demand is expected to exceed supply for a fifth consecutive year in 2025.



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