Mumbai, Jan. 31 -- Silver prices soared past $32 per ounce on Friday, hitting seven-week highs and closing January 2025 with a stellar 12% gain. A bullish report from the Silver Institute reinforced market optimism, forecasting a fifth straight year of deficit despite a 19% decline to 149 Moz. Industrial demand remains the driving force, poised to reach record highs. Meanwhile, mounting concerns over Trump's tariff policies have triggered short covering and boosted silver deliveries to CME warehouses. Rising economic and geopolitical uncertainties have further fueled silver's impressive rally since the start of the year.
Published by HT Digital Content Services with permission from Capital Market....