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

Hey everyone, welcome back to Daily Silver Price Tracker with me, Vanessa Clark. I'm so glad you're tuning in today because we've got some absolutely wild news to cover about the silver market right now.

So here's the situation. Silver just hit an all-time high today, November twenty-eighth, two thousand twenty-five. We're talking about prices reaching fifty-five to fifty-six dollars per ounce. That's huge. The silver market has been on an incredible tear all year, and I mean incredible. We're looking at an eighty percent surge since the start of the year alone.

Now let me break down what's actually driving this historic rally because it's not just hype. There are real, legitimate supply and demand fundamentals at work here. The world is on pace to consume two hundred and six million more ounces of silver this year than every mine on the planet can actually produce. That's a massive deficit, and it's the real deal.

But here's where it gets really interesting. China's silver inventories at the Shanghai Futures Exchange have dropped a jaw-dropping eighty-five percent from their recent peaks. This is absolutely shocking. China is the world's largest silver consumer, and they're running out of available silver. This forced Chinese buyers to scramble and chase metal on the global market, which has added even more fuel to the rally we're already seeing.

The demand is exploding from everywhere. Industrial use is up fifteen percent year over year, driven by the green energy transition and solar panel production. At the same time, investment demand is surging because of expectations that the Federal Reserve will cut interest rates by twenty-five basis points in December and continue cutting next year. Lower interest rates typically make precious metals like silver more attractive to investors because they don't pay interest anyway.

Now, what happened earlier today was pretty dramatic. Right when silver hit that new all-time high on the Comex, the main exchange for silver futures actually halted trading. This sparked a ton of speculation about whether it was a glitch, a circuit breaker, or something more intentional. Trading was stopped just as momentum seemed absolutely unstoppable, and when it resumed, prices continued climbing to that fifty-five to fifty-six dollar range we're seeing now.

Looking ahead, traders are split on what happens next. The bulls believe we're headed much higher, possibly toward sixty dollars or beyond. The bears, though, they think the market got dangerously overbought and frothy, and they're warning of a potential sharp correction back below fifty dollars if momentum fizzles out.

The key level to watch going forward is fifty-five dollars per ounce. If silver can hold above that crucial level, it signals the breakout is the real deal. If it breaks below, we could see profit-taking and selling pressure.

Thanks so much for tuning in to Daily Silver Price Tracker. Make sure you subscribe and join us next time for more updates on what's happening in the silver market. This is Vanessa Clark, and I'll catch you tomorrow.

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