Silver Hits Fresh Record After Topping Peak From October Squeeze

Core Insights - Silver prices have reached a record high, surpassing previous peaks due to various market factors [1][3] - The surge in silver prices is attributed to expectations of a Federal Reserve interest-rate cut, inflows into bullion-backed ETFs, and ongoing supply tightness [1][6] Group 1: Market Dynamics - Spot silver prices increased by as much as 4.2% to approximately $55.66 per ounce [1] - A recent supply squeeze in London led to prices exceeding those in Shanghai and New York, although the arrival of nearly 54 million troy ounces has somewhat alleviated this situation [3] - Silver inventories in Shanghai have reached their lowest levels since 2015, indicating a tight market [4] Group 2: Trading Environment - Erratic price movements and thin liquidity were observed in the silver market following a trading halt on the CME's Comex Exchange [2] - Concerns over potential tariffs on silver have emerged after it was classified as a critical mineral by the US Geological Survey [5] Group 3: Investment Trends - Silver has surged nearly 90% this year as investors shift towards alternative assets amid a retreat from government bonds and currencies [6] - The market is expected to experience a fifth consecutive supply deficit this year, with industrial demand playing a significant role in price support [6]