After breaking through $80 per ounce on Monday, international spot silver continued to soar, breaking a record high above $83, continuing its historic gains as it enters the end of the year. Spot silver has been rising for the sixth consecutive trading day, closing 10% higher on Friday, the biggest one-day increase since 2008. Spot silver has accumulated a cumulative increase of more than 185% this year, which is expected to be the best annual performance since 1979. According to the analysis, the recent rise in silver was driven by speculative capital inflows and continued supply chaos after major trading centers became empty in October.

After breaking through $80 per ounce on Monday, international spot silver continued to soar, breaking a record high above $83, continuing its historic gains as it enters the end of the year. Spot silver has been rising for the sixth consecutive trading day, closing 10% higher on Friday, the biggest one-day increase since 2008. Spot silver has accumulated a cumulative increase of more than 185% this year, which is expected to be the best annual performance since 1979. According to the analysis, the recent rise in silver was driven by speculative capital inflows and continued supply chaos after major trading centers became empty in October.