Silver hits record $93.75 amid tight supply – Commerzbank

💡 DMK Insight

Silver’s surge to $93.75 is a game-changer for precious metals traders. This record high not only reflects increased demand but also signals a shift in market dynamics, especially as the Gold/Silver ratio dips below 50. Historically, such a low ratio indicates that silver is outperforming gold, which could attract more speculative interest in silver assets. Traders should keep an eye on this ratio as it often precedes further price movements in both metals. If silver maintains momentum above this level, we might see a wave of buying pressure, particularly from retail investors looking to capitalize on the trend. On the flip side, if silver retraces, it could lead to a rapid correction, especially if the ratio rebounds above 50. Watch for key support around $90; a drop below this could trigger stop-loss orders and exacerbate selling pressure. Conversely, if silver breaks above $95, it could open the door for further bullish sentiment, drawing in institutional players who might be waiting for confirmation of a strong uptrend.