The Economic Times News

Silver price hits $66 record high in history: Why silver prices are rising - heres the silver price outlook as XAG/USD eyes $70

Silver price hit $66, marking a historic record rally in 2025. Haven demand surged after weak US jobs data and rising recession fears. Spot silver jumped over 4% as supply deficit concerns intensified. Industrial demand from solar, EVs, and data centers keeps rising. Falling inventories add pressure to already tight markets. Analysts now see the silver price outlook targeting $70 next.