🚨🌟🔥 Silver Surges to New All-Time Highs Amid US CPI Stability and Scarcity Fears
The price of silver has reached a historic milestone, soaring to a new all-time high of approximately $63 per ounce. This surge follows the release of US Consumer Price Index (CPI) data, which aligned with market expectations, providing a stable backdrop for precious metals. While the broader cryptocurrency market faced a 2.74% decline, silver’s upward trajectory signals a significant shift in capital flows toward traditional safe-haven assets.
The metal is currently on track for its strongest 12-month performance since 1979, having jumped over 100% year-to-date. This rally is driven by a unique "debasement trade," where investors hedge against rising government debt and a weakening dollar.
Market analysts, including those from The Kobeissi Letter, highlight that the current momentum is fueled by both "desperation" and "scarcity." Physical silver backed ETFs, such as SLV, saw record-breaking weekly inflows of nearly $1 billion, surpassing even major gold funds.
Beyond its role as a store of value, silver is bolstered by intense industrial demand. As a critical component in solar energy, electric vehicles (EVs), and AI data centers, the metal faces a structural supply deficit for the fifth consecutive year.
Tight supply levels have pushed leasing costs to their highest since 2002, indicating an "extraordinary shortage."
With the Federal Reserve expected to cut interest rates further, the appeal of non yielding assets continues to grow, potentially decoupling silver's price from traditional market cycles into a state of permanent scarcity-driven value.
