New historic record in silver: Ounce price exceeds that level for the first time!

The ounce price of silver has surpassed the 67 dollar threshold for the first time in history, marking a new record. Having appreciated by 133 percent since the beginning of the year, silver has displayed one of the most remarkable performances among precious metals.

According to information reported by Bloomberght, silver is among the assets that have provided the highest returns to investors this year with a 133 percent increase.

In the markets, silver stands out as one of the instruments experiencing the strongest rise within the precious metals group.

The decline in interest rates, increasing financial concerns, and ongoing uncertainty in the global economy have directed investors toward safe havens and assets offering high return potential. This picture has led to an increase in demand for silver and other precious metals throughout the year.

This trend is also clearly visible through record-level inflows by both individual and institutional investors into silver-based exchange-traded funds.

On the other hand, strong industrial demand, particularly from rapidly growing sectors such as solar energy, electric vehicles, and data centers, has provided additional support to silver prices.

On the supply side, silver has faced a significant squeeze in the London market this year. Experts point out that this supply contraction could continue until 2026.

News Source: 12punto