Silver Prices Break Into Triple Digits
Recently, the precious metals market witnessed a historic moment as spot silver prices briefly crossed the $100 per ounce mark. Although prices have since pulled back to around $99.71, this milestone has sparked significant attention worldwide.
Data from major global trading platforms shows silver prices remaining near $99, indicating strong demand for the precious metal. This trend is being driven by several factors, including inflationary pressures, geopolitical uncertainties, and growing investment appetite.
Key Market Drivers
- Rising inflation expectations drive demand for value-preserving assets
- Global supply chain disruptions create volatility in industrial metals
- Heightened geopolitical tensions boost safe-haven demand
- Green energy transition increases industrial usage of silver
Experts suggest that the $100 level may only mark the beginning, with prices likely to rise further supported by favorable fundamentals.