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This is your Daily Silver Price Tracker with Vanessa Clark podcast.

Welcome to Daily Silver Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into what's happening in the silver market as we head into the final trading days of November twenty twenty five.

Let's start with where silver is trading right now. As of today, November twenty seven, silver is sitting at fifty three dollars and eighteen cents per troy ounce. That's a pretty significant level we're watching closely because just a couple of weeks ago, silver hit an all time high of fifty four dollars and thirty eight cents on November thirteenth. So we're very close to that record territory again.

Now here's what's really interesting happening beneath the surface. Silver has been on a tear since October twenty twenty three when it was trading down around twenty dollars and sixty seven cents. We're talking about a one hundred sixty three percent gain in just over two years. That's absolutely massive compared to gold, which is up about one hundred forty two percent in that same timeframe. So silver is quietly outperforming the more famous precious metal.

What's driving this move? There are really two big stories. The first is technical. Silver is approaching what experts call a fifteen year wall of resistance. This is a downward sloping line that has rejected silver every time since twenty eleven. But here's the difference this time around. The momentum indicators are actually breaking above their historical resistance levels while price is testing that ceiling. That rarely happens, and when it does, it often signals something significant is about to shift in the market.

The second story is fundamental. Solar panels and renewable energy technologies are consuming massive amounts of silver. Industrial demand hit six hundred eighty nine point one million ounces last year, with two hundred forty three point seven million ounces going specifically to solar panels. The International Energy Agency is expecting four thousand gigawatts of new solar capacity to be installed between twenty twenty four and twenty thirty. That's going to drive silver demand higher by about one hundred fifty million ounces annually by twenty thirty. Meanwhile, mine production is actually expected to decline. We're looking at a significant supply deficit developing, and that structural imbalance tends to support higher prices over time.

Today in the short term, traders are watching a couple of key levels. Support is holding around fifty one dollars and ninety five cents. If silver can break and hold above fifty four dollars, we could see a move toward the sixty dollar level. The holiday trading volumes are thin right now, so true direction will likely emerge once we get through next week and back into regular volume trading.

The bottom line is this. Silver is at an inflection point. We have technical patterns suggesting a major breakout, we have fundamental demand growing from renewable technologies, and we have a supply deficit building. That's a pretty compelling setup for investors watching this market.

Thanks so much for tuning in to Daily Silver Price Tracker. Make sure you subscribe so you don't miss tomorrow's update on silver prices and trends. I'm Vanessa Clark, and we'll see you next time.

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