Silver Hovers Near Record Highs

2025-11-27 03:30 By Jam Kaimo Samonte 1 min. read

Silver climbed toward $54 per ounce on Friday, hovering near record highs amid growing expectations that the US Federal Reserve will cut interest rates further.

Markets now price in roughly an 85% chance of a 25 basis point cut in December, up sharply from about 39% a week ago, with three additional cuts anticipated by the end of 2026.

Expectations were bolstered by reports that White House National Economic Council Director Kevin Hassett is the leading contender for the next Fed chair, a choice investors see as aligned with President Donald Trump’s preference for lower rates.

Since October, silver has been testing all-time highs as global economic uncertainties, the prospect of lower interest rates, and tightening physical conditions have boosted demand for the precious metal.

Silver is also on track to gain nearly 8% for the week and over 10% for the month.



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