Silver Holds Near All-Time Highs

2025-12-03 06:19 By Jam Kaimo Samonte 1 min. read

Silver held above $57 per ounce on Friday, hovering near record highs and up about 100% year-to-date amid tightening supply and expectations of deeper US Federal Reserve rate cuts.

Bloomberg data showed silver-backed ETFs added about 200 tons on Tuesday, lifting total holdings to the highest level since 2022 amid robust demand.

A record volume of silver also moved into London last month, tightening supplies in other hubs, while inventories in Shanghai Futures Exchange warehouses dropped to their lowest in a decade.

Meanwhile, signs of a weakening US labor market reinforced bets for a Federal Reserve rate cut next week, with 2-3 more additional reduction seen next year.

Markets are also weighing the possibility that White House economic adviser Kevin Hassett could replace Fed Chair Jerome Powell in May, potentially paving the way for more aggressive easing.



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Silver is down by 5%
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