Silver Hits Fresh High
Silver climbed more than 4% to $74.8 per ounce on Friday, advancing for the fifth consecutive session to reach a new high, as investor sentiment remained elevated amid ongoing geopolitical tensions and expectations of further US interest rate cuts. Nine days after US President Trump announced the blockade on Venezuelan oil tankers, concerns over disruptions in global supply have boosted safe-haven demand for the precious metal. The rally has also been supported by substantial central bank purchases and heightened investor concern over currency debasement and rising global debt. Year-to-date, silver has soared roughly 158%, driven by a combination of factors including a structural supply deficit, strong industrial demand, and its recent designation as a US critical mineral.