Core Insights - International spot silver prices surged by 2.5%, reaching a peak of approximately $54.84 per ounce, nearing the $55 per ounce mark, thus surpassing the historical high set in October [1] - The rise in silver prices is supported by increasing hopes for a Federal Reserve rate cut in December, inflows into ETFs, and ongoing supply constraints [1] - International spot gold also maintained its upward trend, approaching the $4200 per ounce level [1]