silver price: Why is silver price rising again, and will it go further record $97? Silver may touch $100 mark as precious metals rally continues. Here’s what investors should do now
Why is silver price rising again and will it go further record $97? Metals hit fresh highs
Why is silver price rising again and will it go further record $97? Spot silver rose 0.9% to $97.01 per ounce. Prices earlier reached a record $97.44. Market participants now discuss a move toward $100 per ounce. Silver followed gold and platinum in the ongoing rally.
Spot gold rose 0.5% to $4,961.57 per ounce. It earlier touched a record $4,966.59. US gold futures for February delivery gained 1.1% to $4,964.60. Platinum rose 1.4% to $2,665.85. It earlier hit $2,684.43. Palladium slipped 0.1% to $1,917.50.
Why is silver price rising again?
Why is silver price rising again and will it go further record $97? Silver prices are rising due to several factors. A weaker US dollar has reduced costs for overseas buyers. Global political uncertainty has increased demand for metals. Expectations of US Federal Reserve interest rate cuts have also supported silver. Silver benefits from investment demand and industrial use. Strong movement in gold and platinum prices has added support. These factors together have pushed silver prices to record levels.
Global political developments support metal prices
Why is silver price rising again and will it go further record $97? Political developments added support. EU leaders met in Brussels after US President Donald Trump reversed his Greenland stance. Trump later said the US secured permanent access to Greenland through a NATO deal.
NATO leadership said allies must strengthen Arctic security due to Russia and China. Denmark stated its sovereignty over Greenland remains unchanged. The lack of clear agreement details kept markets cautious. Investors often turn to metals during uncertainty.
US economy signals and dollar weakness influence silver
Why is silver price rising again and will it go further record $97? US consumer spending increased in October and November. The economy remains on track for another quarter of growth. The labor market remains stable with limited hiring and layoffs.The dollar index dropped to a two-week low. This made dollar-priced metals cheaper for global buyers. A weaker dollar often supports silver demand in overseas markets.
Rate cut expectations raise silver demand
Why is silver price rising again and will it go further record $97? Markets expect the US Federal Reserve to cut rates twice later this year. Each cut is expected to be 25 basis points. Lower rates reduce returns on yield assets. This increases interest in metals such as silver.
Silver benefits from both investment demand and industrial use. Market watchers now expect silver to test the $100 level if current conditions continue.
Upcoming economic data to watch
Why is silver price rising again and will it go further record $97? Investors will monitor global data. This includes UK retail sales, France and Germany PMI data, EU business surveys, US PMI numbers, US consumer sentiment, and the Japan central bank rate decision.
Silver may touch $100 mark
Why is silver price rising again and will it go further record $97? Market watchers now discuss the $100 level as a possible next target. Continued weakness in the dollar, steady investment demand, and expectations of US interest rate cuts support this view. Silver prices often react to changes in global economic outlook and policy signals. If current conditions remain in place, silver may test the $100 mark. However, price movement may depend on upcoming economic data, central bank decisions, and changes in investor sentiment across global markets.
What investors should do now?
Why is silver price rising again and will it go further record $97? Investors are now watching price movement closely. Some may track global economic data and US Federal Reserve signals before taking new positions. Others may focus on risk management due to price volatility. Market participants often consider portfolio balance during sharp price moves. Monitoring the dollar index and geopolitical updates remains important. Investors may also follow industrial demand trends for silver. Decisions now depend on risk appetite, investment horizon, and expectations around interest rates and global growth.
FAQs
Q1: Why is silver price rising again and will it go further record $97?
Silver prices are rising due to a weak dollar, global political uncertainty, and expectations of US interest rate cuts, which increase demand for metals.
Q2: Will silver reach $100 per ounce after $97?
Market watchers expect silver to test $100 if current economic trends, rate cut expectations, and investor demand continue without major policy changes.
