Silver Price Reaches New Record Above October Peak

Silver spot price reached $55.66 per ounce on Friday, exceeding the level recorded during last month’s market squeeze in London. The metal rose by about 4.2% during the trading session.

Trading activity appeared stronger than in recent sessions, fueled in part by increased interest from investors in silver-backed exchange-traded funds and continued industrial demand. Some market participants are also watching expectations of a possible U.S. interest-rate cut in December, which has drawn attention toward precious metals.

In November, roughly 54 million troy ounces of silver flowed into London vaults — a move that softened but did not eliminate supply pressure. Borrowing rates for silver remain higher than normal, a sign that tight availability prevails in the physical market.

At the same time, warehouse holdings tied to the Shanghai silver market recently dropped to levels not seen since the mid-2010s, highlighting continued supply constraints in one of the world’s major metal storage hubs.

On Friday, futures trading on the CME’s Comex exchange paused for several hours. When trading resumed, liquidity remained thin and prices showed increased volatility. The disruption added instability to both the futures and spot silver markets.

Over the course of 2025, silver has gained nearly 90% in value. That increase reflects a combination of strong industrial demand — especially in sectors such as solar-panel manufacturing and electronics — and renewed investor interest in precious metals.

By late afternoon in London, silver was trading above its opening mark for the day. Gold prices also recorded gains during the session.

Also Read: Gold Holds Below $4,100 as Traders Wait to See What the Fed Will Do in December