Silver prices have surged to fresh record highs, a dramatic reflection of evolving market dynamics that are pushing the industrial metal well beyond historical norms. In trading today, spot silver reached an intraday peak above US$65 per ounce, eclipsing previous records and marking one of the strongest rallies among commodities in 2025. The rally has been underpinned by a rare combination of persistent supply deficits and robust demand from both industry and investors. Global surveys show that the silver market has posted structural deficits for a fifth consecutive year, as mined output remains constrained while ... (full story)