Silver Surges to Six-Week High as Retail Demand Fuels Rally
Silver prices continued their winning streak into a fourth session on Friday, climbing roughly 4.16 percent to trade near $64.10 an ounce, its strongest level in six weeks.
The rally has a distinctly bifurcated feel beneath the surface, with retail buyers stepping in with conviction while institutional investors remain cautious and hold back from physically backed silver ETFs.
According to industry data, demand for coins and bars has climbed roughly 18 percent, providing a tangible foundation for the price advance that goes beyond speculative positioning.
The momentum began building on Thursday when Iran and Oman reached an agreement on a shipping corridor through the Strait of Hormuz, raising hopes that energy flows from the region could normalize.