Silver Nears Record at $59 as ETF Inflows Jump 590 Tons in a Week

Silver is trading close to its all-time high as investors continue to pour money into silver-backed exchange-traded funds (ETFs). Last week saw the strongest ETF inflows since July, adding nearly 590 tonnes, a clear sign that investors believe the rally still has room to grow.

The metal moved to around $58.50 per ounce, just below its previous session's record of $59.33.

Why Silver Is Rising

Rate-Cut Expectations

Investors expect the US Federal Reserve to cut interest rates this week. Lower rates usually benefit precious metals like silver and gold because they don’t offer interest but become more attractive compared to bonds when yields fall.

Impact of London Short Squeeze

The market is still feeling the effects of a historic short squeeze in London, which pushed prices sharply higher. These aftershocks are continuing to support silver prices.

Also Read, Best Gold ETFs in India for December 2025: SBI Gold ETF, HDFC Gold ETF, and More!

Other Precious Metals

• Gold held steady at around $4,200.25 an ounce, after slipping 1% last week.
• Platinum gained slightly.
• Palladium remained unchanged.
• The Bloomberg Dollar Spot Index was flat, offering little influence on metal prices.

Conclusion

Silver’s powerful rally is being driven by strong ETF demand, expectations of a Fed rate cut, and lingering market pressures from a recent short squeeze. If these trends continue, the metal could soon push past its record high, keeping precious metals firmly in focus for investors.

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