Mumbai, Nov. 19 -- Silver advanced toward $51 per ounce on Wednesday, extending its rally for a seventh straight month and delivering a remarkable gain of more than 70% this year. The metal has thrived in its dual identity, drawing strength from both precious metal safe-haven flows and resilient industrial usage. The Silver Institute's latest release underscores a transformative year marked by record prices, a severe liquidity squeeze pushing lease rates to unprecedented levels, and heavy deliveries into CME vaults amid escalating tariff anxieties in the US. Silver's formal designation as a critical mineral has amplified its strategic relevance, especially against a backdrop of intensifying macroeconomic and geopolitical uncertainties. This...
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