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Spot silver has corrected to approximately $62 per ounce after reaching a record high near $64.70, a move largely attributed to profit-taking. The metal's significant 2025 rally is fundamentally supported by soaring industrial demand and a multi-year structural supply deficit, with accommodative central bank policy providing additional tailwinds.
The Bank for International Settlements (BIS) has issued a warning that gold and U.S. stocks have entered a "bubble zone," driven by retail investor activity. This marks the first time in 50 years both asset classes have been in a correlated "explosive" phase, raising concerns about a sharp market correction.
Silver futures surged to a new record high above $59 per ounce, driven by a persistent structural supply deficit and rising industrial demand. Investor sentiment is strongly bullish, with markets pricing in a high probability of a US Federal Reserve rate cut, further fueling the rally.