Silver ETFs Soar 8% as Global Prices Hit Record Highs Amid Supply Crunch

• Silver Exchange Traded Funds (ETFs) surged over 8% in one day, driven by global record-high silver prices.
• The rally is attributed to geopolitical uncertainty, supply concerns, a weakening US dollar, and strong industrial and investment demand.
• International spot silver reached a record $94.3 per ounce, increasing almost 38% in 30 days.
• Experts advise long-term investors to view silver as an inflation hedge, buying on dips, while short-term traders might book profits.
• Supply constraints from limited mining growth and increased demand from solar, EVs, and AI are creating a structural deficit.

Why It Matters: Silver ETFs are surging due to record global prices, driven by supply shortages and high demand.