Silver prices at the COMEX exchange in New York soared to a fresh all-time high during Wednesday's trading session. This sharp rise followed a key decision by the US Supreme Court. The court chose to extend its deliberation on former President Donald Trump's tariff policies, postponing a ruling originally expected by January 14, 2026.
Record-Breaking Silver Rally
The precious metal witnessed a dramatic surge. Silver rates jumped to a new record peak of $92.165 per ounce. This marked a significant 6.7% increase from the previous closing price of $86.338 per ounce. Market data confirms this substantial upward movement during the day's commodity market activity.
Analyst Outlook on Precious Metals
What does the future hold for silver and gold? Commodity experts at Kotak Securities provided their view earlier this week. They believe prices for these precious metals will stay elevated. This outlook is based on current market conditions characterized by high volatility.
The analysts pointed to two main factors supporting prices. First, there is considerable uncertainty surrounding global monetary policy. Second, persistent risk pressures in the international arena are driving demand for safe-haven assets.
"The combination of monetary policy uncertainty and global risk pressures suggests continued support for gold and silver," the Kotak Securities note stated. "Prices are likely to remain elevated as long as this volatility persists."Geopolitical and Economic Drivers
The report highlighted specific events reinforcing this trend. Geopolitical tensions, including unrest in Iran and warnings about potential US intervention, have increased demand for defensive financial instruments like precious metals.
Additionally, recent US economic data has been softer than expected. This has kept market expectations alive for future interest rate cuts by the Federal Reserve. Such an environment typically benefits non-yielding assets like silver and gold.
This remains a developing story. Further updates will follow as more information becomes available.
Disclaimer: This news report is intended for educational purposes only. The views and recommendations mentioned are those of individual analysts or brokerage firms. They do not represent the stance of Mint. Investors are strongly advised to consult with certified financial experts before making any investment decisions. Market conditions can change rapidly, and individual circumstances vary widely.
