Silver climbs to a new record high on rate expectations and rising tensions
Istanbul, Dec. 22 (Hibya) – Silver surged more than 3% on Monday to rise above $69 per ounce, reaching a new record high amid expectations that the U.S. Federal Reserve (Fed) will continue cutting interest rates and as geopolitical tensions intensify.
According to analysts, “the precious metal silver is on track to post an impressive gain of around 140% in 2025.”
Recent U.S. data point to slowing inflation and a weakening labor market, giving the Fed more room to ease policy, while markets are pricing in two additional rate cuts next year.
Market analysts note that “low interest rates tend to support non-yielding metals such as silver.”
Accordingly, geopolitical developments — including intensified U.S. sanctions on Venezuela and Ukraine’s attack on a Russian-controlled oil tanker in the Mediterranean — have further strengthened silver’s role as a safe-haven asset.
Meanwhile, on the industrial side, demand remains robust, supported by growth in the solar energy, electric vehicle and data center sectors, bolstering the metal’s long-term fundamentals.
Usa News Agency
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