FX.co ★ Silver Climbs to All-Time High

Silver surged beyond $72 per ounce on Wednesday, marking its fourth consecutive session of gains to achieve new heights. This uptick is propelled by the anticipation of US interest rate cuts and increased demand for safe-haven assets. Market participants are currently considering the likelihood of two interest rate cuts next year, fueled by mixed economic indicators that have heightened expectations for Federal Reserve policy easing. While third-quarter GDP showed robust growth at an annualized rate of 4.3%, softer consumer confidence in December and stagnant factory production in November have bolstered the belief that monetary policy may be relaxed in the coming months. Adding to the rally are geopolitical tensions, notably when US President Donald Trump recently ordered a blockade affecting both sanctioned and certain unsanctioned Venezuelan oil tankers. So far this year, silver has surged approximately 149%, buoyed by factors such as a structural supply shortfall, robust industrial demand, and its recent status designation as a US critical mineral.