Silver Price Soars Past $41 Driven by Industrial Demand

Spot silver prices have surged past $41 per ounce, driven primarily by robust industrial demand and anticipated U.S. Federal Reserve rate cuts. This significant price jump is further supported by safe-haven buying, with trading activity on the COMEX and LBMA exchanges playing a key role in accelerating the move. The surge in silver prices reflects broader market trends towards increased industrial demand and suggests that it could act as a viable inflation hedge for central banks and asset managers.