The price of silver rose for the fourth day in a row, with exchange-traded fund capital inflows, momentum trading, and tight physical market supply, all driving the metal to its strongest annual performance since 1979. In early Friday trading, the price of silver rose to an all-time high of more than $64 per ounce, and the price fluctuated sharply during the period. Silver has accumulated a cumulative increase of about 10% this week, mainly boosted by dovish signals from the Federal Reserve. Most analysts believe that this round of gains is difficult to attribute to a single driver. Higher silver prices tend to have a self-reinforcing effect, as retail investors and momentum traders are often attracted to this volatile metal.

The price of silver rose for the fourth day in a row, with exchange-traded fund capital inflows, momentum trading, and tight physical market supply, all driving the metal to its strongest annual performance since 1979. In early Friday trading, the price of silver rose to an all-time high of more than $64 per ounce, and the price fluctuated sharply during the period. Silver has accumulated a cumulative increase of about 10% this week, mainly boosted by dovish signals from the Federal Reserve. Most analysts believe that this round of gains is difficult to attribute to a single driver. Higher silver prices tend to have a self-reinforcing effect, as retail investors and momentum traders are often attracted to this volatile metal.