The Economic Times

Why is silver price cruising today? Silver jumps nearly 7% to $90 will the silver price rally touch $100 next?

Silver price today jumped nearly 7% and is trading around $89$90 per ounce. The silver price surge follows crude oil briefly crossing $100 per barrel, which reignited inflation fears and safe-haven demand. Investors are rapidly buying silver and gold as protection against rising prices and geopolitical risks. At the same time, industrial demand for silver in solar panels, electric vehicles, and electronics continues to grow. Tight global silver supply adds further pressure. If inflation stays high and clean-energy demand accelerates, analysts say the silver price forecast could move toward $100 per ounce.