Silver Price Soars Past $100 Per Ounce, Sets New Record Amidst Market Frenzy

• Silver prices exceeded $100 per ounce in the international market on Friday, marking an unprecedented surge.
• The rally, which began in 2025, continued into the new year, driven by retail investors and momentum trading.
• A persistent supply crunch in the physical silver market is a key factor contributing to the rapid price increase.
• Spot silver prices were last reported at approximately $101 per troy ounce, a 5.1% increase, with a 40% rise since early 2026.
• Gold also hit a record $4,988 per ounce, supporting silver's momentum, though analysts warn of potential market volatility.

Why It Matters: Silver prices have hit a record high above $100 per ounce due to strong demand and supply issues.