Silver prices have soared to a record high, driven by a tightening global supply and the lowest Chinese inventories in a decade. This surge comes as OPEC+ decided to maintain its 2026 oil production quotas, effectively freezing output increases. Meanwhile, South Korea has announced stricter foreign-exchange oversight to stabilize the won amid ongoing market volatility. Additionally, global arms sales have increased by 5.9% to $679 billion, reflecting heightened geopolitical demand. In response to housing affordability challenges, younger investors are increasingly turning to riskier assets, including cryptocurrencies.
Silver Prices Reach Record High Amid Global Supply Shortage
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