Silver Takes a Breather Following Record Rally

Silber Preis XC0009653103

The price of silver is consolidating after a historic surge that pushed it beyond $93 per ounce. This pause follows a significant political announcement from Washington concerning import tariffs, which temporarily removed risk premiums from the market. While some investors are capitalizing on profits, a substantial wave of buying from retail investors suggests confidence in the rally’s continuation.

Despite the recent price dip, underlying demand remains strikingly robust. Data from Vanda Research indicates that approximately $921.8 million flowed into silver ETFs over the past 30 days. In fact, Wednesday saw the second-largest single-day purchase volume from private investors since the “Silver Spike” event of 2021.