Silver Soars to Unprecedented $67 Peak

The price of silver has surged past the $67 level for the first time in history, extending a record-breaking rally. The white metal's ascent to a new all-time high is fueled by a powerful convergence of booming industrial consumption and persistent supply constraints. With a staggering year-to-date gain exceeding 130%, silver's performance has dramatically outpaced that of gold.

Key Data Points:
* Record high of $67.45 reached during Friday's trading session
* Year-to-date performance: +130% (Gold: +65%)
* Monthly advance over 32%, marking a fourth consecutive weekly gain
* Market capitalization reaches $3.8 trillion, ranking fourth behind gold, NVIDIA, and Apple

Recent U.S. economic indicators have created a favorable environment for precious metals. November's consumer prices rose 2.7% year-over-year, coming in below forecasts. The unemployment rate climbed to 4.6%, its highest level since September 2021.

Meanwhile, the Empire State Manufacturing Index fell to -3.9 points, highlighting ongoing industrial sector weakness. This data landscape reduces pressure on real interest rates, benefiting non-yielding assets like precious metals. Market participants continue to anticipate at least two interest rate cuts from the U.S. Federal Reserve in the coming year.

Unprecedented Industrial Demand Meets Critical Status

The fundamental drivers behind silver's rally are intensifying. Massive expansion in AI data centers requires substantial volumes of silver for server components. Rising electric vehicle production continuously boosts industrial offtake. Furthermore, the solar industry relies on the metal as an indispensable component in photovoltaic panels.

The situation tightened further last month when the U.S. added silver to its official list of critical minerals. This classification increases the likelihood of future trade restrictions and is accelerating stockpiling activity.

Should investors sell immediately? Or is it worth buying Silber Preis?

Investor demand is compounding the pressure. The iShares Silver Trust (SLV) recorded net inflows of $1.49 billion over the past month. The combination of robust industrial consumption and strong investment flows is straining available inventories.

Physical Market Signals Scarcity

Clear signs of tightening are emerging in physical markets. Stockpiles registered with the Shanghai Futures Exchange have dropped to their lowest level since 2015. In London, leasing rates remain elevated—classic indicators of scarcity in readily available metal.

The silver market is now in its fifth consecutive year of structural deficit. For 2025, an estimated supply shortfall of approximately 120 million ounces is projected. Mine production responds slowly to higher prices because silver is primarily a by-product of gold, copper, and base metals mining.

Technical Outlook Suggests Further Room for Gains

From a chart perspective, silver has established the zone between $66.90 and $67.00 as a support level. The Relative Strength Index (RSI) reads 64, indicating further upward potential without entering overbought territory. The next technical targets are seen at $68.20, $69.50, and the psychologically significant $70 mark.

However, a daily close below $65.80 would jeopardize the current bullish setup. It is important to note that the silver market is only about one-tenth the size of the gold market. Consequently, moderate shifts in investor demand can trigger disproportionate price movements in either direction. Should the U.S. decide against imposing tariffs on silver imports, prices could correct swiftly as already-priced-in concerns would dissipate.