World Business Report What’s up with surging silver prices?
Dec 10, 2025
Oli Hansen, a commodities trader at Saxo Bank, dives into the explosive factors behind surging silver prices, highlighting rising tech demand and tight supplies. Ross Mould, an investment director at AJ Bell, examines market expectations for the Fed's interest rates and potential risks of inflation influencing investor behavior. Meanwhile, David Oh, a journalist from the BBC, reveals the staggering details of Coupang’s massive data breach, affecting nearly 34 million customers and prompting significant governmental scrutiny.
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Silver's Double Role Fuels Rally
- Silver combines investment demand with industrial demand, making its price sensitive to both macro and tech trends.
- That dual role magnified its rally as gold hit records and economic uncertainty rose.
Rate Expectations Supercharged Silver
- Expectations of lower US interest rates and doubts about Fed independence provided 'rocket fuel' for silver's rally.
- Those monetary worries amplified investment flows into precious metals including silver.
Physical Demand Tightened Supplies
- Physical industrial demand is roughly 58% of total silver consumption, tightening supplies when stockpiling occurs.
- London’s physical market became extremely tight, forcing traders to seek supplies elsewhere.