Kathmandu — Silver prices jumped 9% in a single day, reaching a new record high. The surge comes as global supply tightens and industrial demand grows.
On Friday, silver traded at $78.53 per ounce, the highest price ever recorded. Other precious metals also rose sharply. Gold hit $4,549.71 per ounce, while platinum climbed 10% to $2,454.12 per ounce.
Analysts say the main reason for silver’s rise is a persistent supply shortage. Silver is widely used in solar panels, electronics, electric vehicles, and other high-tech industries. Demand keeps growing, but production has not kept pace. This mismatch has pushed prices higher.
Economic uncertainty and geopolitical tensions have also driven investors toward safe assets like gold and platinum. A weaker US dollar and expectations that central banks may cut interest rates have added support to the precious metals market.
The rise in prices has created new pressure in global commodity markets. Countries that rely on imports may face increased inflation as a result.
