Silver Hits Record High on Rate-Cut Bets and Geopolitical Strife

Silver prices have surged to an unprecedented peak, driven by growing investor confidence in impending interest rate cuts by central banks, which typically lowers the opportunity cost of holding non-yielding assets like precious metals. This rally is further fueled by escalating global geopolitical tensions, prompting investors to seek safe-haven assets amidst uncertainty, thereby boosting demand for silver alongside gold.