The Silver price has started the year with another sharp burst higher, with XAG/USD at $85.89 (+1.87%) after a volatile run that has taken prices from the low-$70s at the start of January to the mid-$80s. The latest surge has been driven by investor demand and safe-haven buying alongside gold, but HSBC argues the rally is increasingly being pushed by short-term tightness that looks difficult to sustain at current levels. HSBC’s core message is that silver can stay elevated and choppy while near-term scarcity persists, but fundamentals look stretched. The bank expects the market to remain prone to upside spikes until ... (full story)