Silver fell below $62 per ounce on Friday after touching record highs earlier in the day as the rally eased amid profit taking and a brief consolidation phase going into the weekend, even as the broader bullish backdrop remained intact.
The recent US Federal Reserve rate cut and its less hawkish outlook continued to underpin medium term support, with Powell signaling no further hikes and projecting one additional cut next year and another in 2027.
Robust ETF inflows and strong retail demand reinforced expectations of a market deficit next year, while industrial demand from solar, electric vehicles and data center infrastructure maintained upward pressure on fundamentals. At the same time rising lease rates and higher borrowing costs for physical silver in London pointed to ongoing delivery stress.
Source: Trading Economi
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