Core Viewpoint - On November 28, international spot silver prices surged over 2.5%, reaching a peak of approximately $54.84 per ounce, surpassing the historical high set in October [1] Group 1: Price Movement - International spot silver prices increased significantly, with a rise of 2.5% [1] - The price approached $55 per ounce, exceeding the historical high recorded in October [1] - International spot gold also maintained an upward trend, nearing $4200 per ounce [1] Group 2: Contributing Factors - Expectations for a Federal Reserve interest rate cut in December have increased, contributing to the rise in silver prices [1] - Inflows into ETFs have supported the price increase of silver [1] - Ongoing supply constraints have also played a role in the upward movement of silver prices [1]

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]