Spot silver extends rally to hit $70 per ounce for first time

Reuters2025-12-23

Dec 23 (Reuters) - Spot silver XAG= scaled $70 an ounce on Tuesday, driven by strong industrial and investment demand, tightening inventories, geopolitical tensions, and expectations of further U.S. rate cuts.

Silver prices were up 1.5% at $70.06 an ounce by 1314 GMT, after hitting an all-time high of $70.18/oz.

(Reporting by Ishaan Arora and Noel John in Bengaluru)

((Ishaan.Arora@thomsonreuters.com;))

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