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15.12.202504:10:06UTC+00Silver Steadies Near Record Highs

Silver prices held steady at approximately $62.5 per ounce on Monday, maintaining levels close to all-time highs and showing an increase of over 100% since the start of the year. This surge has been fueled by decreasing inventory levels, strong industrial demand, and the metal's recognition as a critical mineral by the United States. Significant demand has emanated from the solar energy, electric vehicle, and data center industries. The market has also seen strong inflows from Exchange Traded Funds (ETFs) and vigorous retail interest, strengthening predictions of a supply shortage next year. A weaker dollar, resulting from last week's Federal Reserve rate cut, further boosted silver's appeal, despite uncertainties surrounding potential monetary policy easing in 2026. Nevertheless, silver experienced a decline of over 2% on Friday, as analysts advised caution regarding valuations compared to gold and warned of possible effects due to US tariff exemptions.

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