Silver Prices Surge Beyond $100 as Market Dynamics Intensify
Silver's relentless rally has breached the psychological $100 barrier, with prices now trading firmly in triple-digit territory. Citi analysts, who initially projected $100/oz, hastily revised their target to $150 amid tightening physical supply and speculative fervor. The WHITE metal briefly touched $115 in futures markets before a 5% pullback—a move attributed to profit-taking by Chinese investors.
Geopolitical tensions are amplifying silver's volatility. President Trump's tariff threats against South Korea and Canada have injected fresh uncertainty into commodity markets. Meanwhile, Chinese silver contracts have diverged from global benchmarks, trading above $125 as local demand outstrips availability.