Silver prices surge amidst market optimism.
According to Trading Economics, the global silver spot price soared to $56.41 per ounce on November 29th in Asian markets, marking a $2.99 (5.6%) increase from the previous session’s $53.40. The day’s trading range fluctuated between $53.34 and $56.54 per ounce.
Domestically, Phu Quy Jewelry Corporation listed 999 silver at VND 2,132,000 per tael (buy) and VND 2,198,000 per tael (sell). Silver has rebounded over 11.2% this week after an early decline, outpacing gold’s 70% annual gain with an 87% surge.
One-kilogram 999 silver bars traded at VND 56,853,191 (buy) and VND 58,613,187 (sell).
Market sentiment favors December Fed rate cut.
Growing expectations of a Federal Reserve rate cut in December are buoying silver prices. FX Empire’s James Hyerczyk highlights weakening US labor data—slower hiring and rising jobless claims—as reinforcing this outlook.
Falling bond yields, a weaker USD, and capital flows into low-rate assets create ideal conditions for silver, valued both industrially and as a hedge. Hyerczyk notes this dual role fuels its upward trajectory since early November.
UBS has revised silver’s forecast upward, citing pre-rally accumulation. Strategist Dominic Schnider predicts further gains in 2026, driven by sustained investment inflows despite recent $50/ounce consolidation.
UBS targets $60/ounce by 2026 (with $65 possible) and maintains a $47–50 long-term buy zone. Year-to-date, silver has climbed 86%, supported by industrial demand, negative real rates, and fiscal deficit concerns.
However, UBS warns of a 2026 peak at $57/ounce, with supply deficits persisting (293 million ounces) despite modest demand growth (1.34 billion ounces). A gold-silver ratio of 75 implies $60 silver if gold hits $4,500.
Global Largest Silver Fund Aggressively Buys In: Experts Predict Prices Could Double
Since the beginning of 2025, the world’s largest silver fund, managed by BlackRock, has invested $1.7 billion to acquire approximately 32 million ounces of silver (1,000 tons), bringing its total holdings to over 500 million ounces (roughly 15,600 tons).
Silver Prices Surge: Experts Predict Potential $100/Ounce Milestone
The global silver price surge is back with a vengeance, fueled by mounting expectations that the precious metal could hit $100 per ounce in the not-so-distant future.
Silver Continues Its Price Rally
Silver prices today continue their upward trajectory both domestically and globally.
Silver Prices Rebound Today
Silver prices surged today, both domestically and internationally, marking a notable upward trend in the precious metals market.
BlackRock’s Aggressive Silver Acquisition Sparks Expert Predictions of Prices Doubling
Since the beginning of 2025, the world’s largest silver fund, managed by BlackRock, has invested $1.7 billion to acquire approximately 32 million ounces of silver (1,000 metric tons), bringing its total holdings to over 500 million ounces (roughly 15,600 metric tons).
