Silver Soars to Record Highs: 138% Surge Driven by Rate Cuts, Supply Shortage

• Silver prices hit an all-time high in India and globally on December 22, reaching ₹219/gram and $69.44/ounce.
• Silver has surged 138% this year, significantly outperforming gold as investors seek safe-haven assets.
• Key drivers include expectations of US Federal Reserve interest rate cuts, a weaker dollar, and geopolitical risks.
• Persistent supply shortages, strong investment demand, and robust industrial demand are also fueling the rally.
• Experts highlight silver's dual role as an investment and industrial metal, along with seasonal trends, as factors propelling its rise.

Why It Matters: Silver's record rally is fueled by safe-haven demand, Fed rate cut expectations, and supply constraints.