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Silver set an all-time high after breaking through $50 for the first time, pushing up to $51.23. The move came as gold continued to hold above $4,000, and it fed into a wider rally across precious metals.
The latest leg higher drew strength from gold’s record run, rising investor demand and an ongoing supply deficit. Together, these factors helped drive silver to fresh peaks and keep the market on the front foot.
Silver has climbed 76% since the start of the year, while its advance over the past twelve months stands at 66%.
Those steady gains helped set the stage for today’s break above the long-watched $50 threshold.
Independent analyst Ross Norman noted that positioning does not point to a speculative surge, saying: “The interesting aspect about the silver market is that the net long positions are only modestly higher so this is not a rally based upon speculative interest. It's got some pretty solid fundamentals attached to this move in the silver price.”
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