Silver Breaks $88 Barrier, Markets Hit New Peak
Global precious metals markets saw a major breakthrough as spot silver surged past $88 per ounce for the first time, setting a new all-time high. This milestone reflects surging investor confidence in precious metal assets.
Three Key Drivers Behind the Rally
- Persistent global inflation fuels demand for inflation-hedging assets
- Industrial demand from clean energy and electronics sectors climbs sharply
- Escalating geopolitical tensions boost safe-haven appeal
Year-to-date gains now exceed 23%, outpacing most commodities. Analysts suggest further upside potential as central bank buying trends expand into the silver market.