Silver Soars Past $60 in Historic Supply Squeeze

The price of silver has surged above $60 per ounce for the first time ever. This marks a dramatic milestone for the precious metal. Silver prices have more than doubled this year. The spike is driven by a severe global shortage of the metal. Demand is booming from two major groups: industrial users and financial investors. Manufacturers need silver for solar panels, electronics, and electric vehicles. At the same time, investors are buying silver as a protective asset. This combined demand is straining worldwide supplies. The break past the $60 level signals intense market pressure. Analysts are watching to see if prices can stabilize at this new record high.