A significant development has been recorded in the global precious metals market. According to exchange data, the price of silver has reached a new all-time high in its history. On Wednesday, December 17, silver futures for March delivery surged by 4.65%, reaching $66.27 per ounce on the Comex exchange.
Thus, the value of silver has crossed the psychological threshold of $66 for the first time. Experts attribute this growth to a simultaneous rise in gold prices and weak macroeconomic signals emerging from the U.S. economy.
In particular, the latest data on the U.S. labor market has raised concerns among investors. According to the non-farm employment report, the unemployment rate increased to 4.6% in November, marking the highest level since September 2021.
At the same time, it was reported that the U.S. economy created 64,000 new jobs. While this figure exceeded analysts’ forecast of 50,000, revised October results revealed that 105,000 jobs were actually cut in that month.
Economists believe that this uncertainty is driving investors toward safe-haven assets such as gold and silver. As a result, demand in the silver market has sharply increased, and prices continue to break historic records.
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