In mid-October, silver prices surged past the $50 per troy ounce mark, marking a significant milestone for the metal. By the end of November, this record was shattered, with silver reaching an impressive all-time high of nearly $59. This remarkable rise has seen silver's value double since the beginning of the year, demonstrating strong market momentum and increasing investor interest.
The impressive gains in silver are largely attributed to rising demand amid economic uncertainties and inflation concerns, prompting traders to seek safe-haven assets. As the USD and EUR fluctuate, the silver currency pair continues to attract attention, reflecting a broader trend in precious metals trading. With ongoing volatility in forex markets, investors are keenly observing silver's performance as it steps out of gold's shadow, potentially reshaping market dynamics in the coming months.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 14:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.