Silver Soars Past $95: Why Your Neighbor Might Be Hoarding Coins Right Now
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Silver Soars Past $95: Why Your Neighbor Might Be Hoarding Coins Right Now
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This is your Daily Silver Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Silver Price Tracker with Vanessa Clark. Im so excited to chat with you today about the sizzling silver market thats got everyone talking.
Right now, as of this evening, silver is trading around 95 dollars and 45 cents per troy ounce, according to FXStreet data. Thats up over 2 percent from yesterday and a whopping 34 percent since the start of the year. Fortune reports it hit 95 dollars 32 cents at 830 a.m. Eastern Time today, marking a 2 dollar 16 cent jump from yesterday and more than 212 percent higher than a year ago when it was just 30 dollars 53 cents. Its smashing all-time highs, with Kitco and Finance Magnates noting surges past 95 dollars fueled by safe-haven buying amid stock market jitters and tariff threats.
Whats driving this silver price rocket? FXEmpire points to sticky inflation, a weakening job market with just 50 thousand jobs added last month, and investors rushing physical delivery on COMEX, signaling tight supply. Industrial demand from solar panels and electronics is booming too, per pv magazine, even as some manufacturers cut silver use to cope. BullionVault forecasts say analysts see silver averaging over 79 dollars this year, but with momentum like this, some predict 100 dollars or even 250 to 300 dollars soon.
Her takeaway for you, my savvy listeners: If youre eyeing silver as a hedge against inflation or economic wobbles, dips could be smart buys, but watch volatility since its more swingy than gold. Start small with ETFs or coins if youre new, and track that spot price daily.
Thanks for tuning in, friends. Subscribe, share with a buddy, and catch you next time on Daily Silver Price Tracker!
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