Silver's on an unstoppable rampage, blasting to $66 per ounce today β a fresh record that leaves gold trailing in the dust with its 60% YTD gains. This devil's metal has doubled since January, driven by insatiable industrial hunger from solar panels chomping 20% more supply and EV chips craving its superior conductivity over copper. Deficits stretch into the sixth straight year at 220 million ounces, London's vaults drained 35% to 20,000 tonnes, and Indian prices rocketing 90% to βΉ1.85 lakh per kg. Futures are swinging like crazy, with intraday spikes topping $66 as specs dive in for weekly pops over 12%. No wonder the volatility's off the charts β this isn't just safe-haven play; it's a supply crunch supernova! π
Why the epic climb? Industrial demand's exploding, with solar installs up 25% globally and AI data centers guzzling silver for wiring efficiency. The Fed's 25bps cut to 3.5%-3.75% adds fuel, making non-yielders like silver irresistible as yields dip to 3.75% and DXY weakens to 94. Geopolitical jitters from tariffs and EM slowdowns amp the haven appeal, with central banks hoarding 900 tonnes this year. But watch out β China's 50% solar dominance could flip if tariffs bite, spiking costs 10% and squeezing margins. Still, deficits widen as mining yields lag at 5%, pushing prices toward $70 short-term. π€
What's next? If industrial surge holds and Fed dots lean dovish for 100bps+ cuts in 2026, silver eyes $80 by Q2 β analysts from Carbon Credits see $100 if utilization hits 40%. But hot PCE >2.3% could pause the party, dipping to $60 support on risk-off flows. Trade now for that 2-3% daily volatility goldmine, perfect for short-term swings using tech analysis on breakouts or key level retests. Example FX trade: $30 bet with 20x leverage nets 60% profit ($18) on a 3% move β $30 Γ 3% Γ 20 = $18. Easy wins if you nail those $62 support buys! π°
More growth ahead or reversal near?
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