At the moment, the price of silver is maintained at more than $54 per ounce, getting close to its all-time high and positioned to attain a weekly gain of around eight percent. The demand for safe-haven assets has increased as a result of issues faced by the U.S. banking sector and concerns surrounding the credit market. Ongoing trade tensions between the United States and China, along with expectations of interest rate reductions by the Federal Reserve, are also contributing to a positive environment for metals.

Additionally, the market is under pressure due to intense demand from India and limited available supply. Because of tightening global supply dynamics and robust demand for safe-haven assets amid ongoing economic uncertainty, silver has enjoyed a stunning ascent, hitting levels above $54 per ounce — never seen before.

The disclosure of loan-related difficulties by two regional banks in the United States has intensified concerns surrounding the credit market, leading to anxiety about potential strain on the broader financial system. The escalating trade frictions between the United States and China, combined with the ongoing U.S. government shutdown deadlock and the prospect of greater monetary easing by the Federal Reserve, have collectively strengthened demand dynamics.

Purchasing activity has been further stimulated by the interplay of geopolitical tensions, rising state expenditures, and an extraordinary market contraction in London. Moreover, the robust demand from India has exerted tremendous pressure on the market, prompting several mutual fund organizations to halt the inflow of money into their silver exchange-traded fund (ETF) fund-of-fund schemes.