Silver Hits New All-Time High Amid Strong Industrial Demand

Silver prices (Silver) rose above $66 per ounce during trading on Wednesday, marking an all-time high, as investors turned to alternative assets with high yields in light of mixed U.S. labor market data and ongoing monetary uncertainty.

The gains followed the release of the U.S. jobs report for November, which showed an increase in the unemployment rate to 4.6% - the highest since 2021 - despite job growth exceeding expectations, bolstering bets on a cautious approach from the Federal Reserve.

Markets are currently pricing in a nearly 75% probability that the U.S. Federal Reserve will keep interest rates unchanged at its January meeting, a forecast that has not changed significantly following the data release. Investors are awaiting upcoming comments from Fed officials and U.S. consumer price index (CPI) data for November, scheduled for release on Thursday, for clearer signals on the monetary policy direction.

📈 Strong Support Factors for Silver

This year’s rise in silver - which has increased by about 130% since the beginning of 2025 - is fundamentally supported by:

• Tightening supply and decreasing inventories
• Strong industrial demand from sectors including:
• Solar energy
• Electric vehicles
• Data centers and digital infrastructure
• In addition to investment demand as a hedging tool in a volatile environment

The record performance of silver reflects a shift in investor appetite toward metals that combine both investment and industrial roles, as concerns about global growth and interest rate trajectories intensify.