Wed 10 Dec 2025 03.34 EST First published on Wed 10 Dec 2025 02.55 EST Share Silver at record ahead of US interest rate decision Silver has hit a new record high, as traders scramble to get their hands on the “devil’s metal” ahead of tonight’s US interest rate decision. The price of silver rose over $60 per ounce for the first time yesterday, and this morning it’s risen further, to $61.40. Analysts say a range of factors are pushing up silver; there are shortage fears as demand rises. Tony Sycamore, market analyst at IG, explains: Silvers gains are being driven by deepening structural supply deficits—worsened by falling mine production in major regions and persistently low global inventories—combined with rapidly rising industrial demand from the green-energy transition, especially solar photovoltaics, electric vehicles, and AI-related hardware. Expectations of US interest rate cuts, which weaken the dollar, also push up the value of precious metals. The US Federal Reserve is widely expected to cut US interest rates tonight, by a quarter of one percentage point. Share