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Silver price today: Silver prices surge to $58/oz for the first time in history: why are silver prices breaking records - Is the silver rally strong or overbought?

Silver price today: Silver hit a record $57.86 and traded near $58 after a six-day, 15% rally, now up over 100% in 2025. Futures touched $58.60. Traders price an 88% chance of a December Fed rate cut as the dollar weakens. RSI above 80 signals overbought conditions, but targets stand at $58$60 with support at $56.45, $54.45, and $52.75.