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

Hey everyone, I'm Vanessa Clark, and welcome back to the Daily Silver Price Tracker. Thanks so much for tuning in. Today is Tuesday, December 2nd, 2025, and we've got some really interesting silver market movements to break down for you.

Let's start with where silver is trading right now. As of today, silver is sitting at around 57 dollars and 58 cents per ounce. Now, that might sound like a small number, but here's what's wild. Yesterday, silver hit an all-time record high of 58 dollars and 85 cents. So what we're seeing today is investors taking some profits after that incredible run, which is totally normal market behavior after such a sharp move upward.

But before you think this is bad news, stick with me here. Silver has absolutely skyrocketed this year. We're talking about a gain of over 100 percent since the beginning of 2025. The metal has literally doubled from last year's 52-week low of around 28 dollars and 30 cents. That's an incredible run in just twelve months.

So what's driving all this excitement? Well, there are a few major factors at play. First, there's serious supply concerns. Shanghai Futures Exchange warehouses have hit their lowest inventory levels in a decade. We're talking about just over 531 million kilograms stored there. This supply squeeze is real, and it's putting upward pressure on prices.

Second, there's the Federal Reserve situation. Markets are currently pricing in an 88 percent probability of a quarter-point interest rate cut at the Fed's December 10th meeting. Lower interest rates typically boost non-yielding assets like silver because they reduce the opportunity cost of holding the metal. Plus, U.S. manufacturing contracted for the ninth straight month in November, which adds even more pressure on the Fed to cut rates.

Third, there's strong industrial demand. Silver is used in everything from solar panels to electronics to jewelry. That demand isn't going away anytime soon.

Now, from a technical perspective, traders are watching some key levels. If silver can close above 58 dollars, that could open the door for another push toward 60 dollars. On the downside, support is holding around 56 dollars and 47 cents. A break below 54 dollars and 97 cents would signal a more serious trend reversal.

The big picture here is that despite today's pullback, the broader uptrend remains intact. Higher lows are still being formed, and the momentum structure is holding. This looks more like a healthy consolidation after a big move rather than a reversal.

Later this week, keep your eyes on some key economic data releases. We've got the November ADP jobs report coming up, and there's also delayed September PCE inflation data that traders will be watching closely. These could move not just silver, but the entire precious metals complex.

So what's the takeaway for you? Silver remains in a strong uptrend, but we're in a short-term cooling phase. If you're tracking this market, watch for either a bullish breakout above 58 dollars or a breakdown below support. Either way, the market is telling us something important about where things are headed next.

Thanks so much for listening to the Daily Silver Price Tracker with me, Vanessa Clark. Make sure you subscribe and tune in tomorrow for our next update. Keep stacking, and we'll talk to you soon.

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