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The price of silver renewed its historical record.

The price of silver on the Comex exchange rose sharply within a single day.

Image of 'The price of silver renewed its historical record.'

Today, on December 10, silver futures for delivery in March on the Comex exchange rose by 1.94 percent, reaching $62.02 per ounce.

According to Bloomberg, yesterday the price of silver surpassed $60 for the first time in history, indicating a sharp increase in demand in the market.

Experts link this to global supply shortages, the new US tariff policy, geopolitical uncertainty, and the possibility of the Federal Reserve lowering interest rates. Since the beginning of the year, the price of silver has more than doubled — while gold has become 60 percent more expensive.

According to analysts, although mining volumes are expected to increase, the silver market could remain in a deficit for a fifth consecutive year in 2025 as well.

Some experts do not even rule out the possibility of the price reaching $100 per ounce.

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