Silver’s Meteoric Rally Takes a Breather at Record Territory

As trading floors fall silent for the holiday season, silver finds itself consolidating just below the $72 per ounce mark—a staggering level that represents a gain of over 140% since the start of 2025. This pause follows a historic year that saw the metal's value more than double, prompting market participants to question whether this is merely a consolidation before another leg higher in a fundamental revaluation.

Two primary, interconnected forces are behind this unprecedented price surge. Throughout the year, interest rate cuts implemented by the U.S. Federal Reserve have placed downward pressure on the dollar, enhancing the appeal of non-yielding assets like precious metals. In an environment of lower real interest rates, the opportunity cost of holding silver diminishes significantly.

Simultaneously, physical consumption from industrial users is skyrocketing. The parallel global expansions in artificial intelligence infrastructure and solar energy capacity are consuming vast quantities of silver due to its superior conductive properties. Market researchers now highlight a looming structural deficit, noting that mine supply is failing to keep pace with this explosive growth in consumption.

Should investors sell immediately? Or is it worth buying Silber Preis?

Strategic Reserves Add to Upward Pressure

Compounding the tight supply picture is strategic activity from major economies. Nations within the BRICS alliance have substantially increased their physical precious metal holdings during 2025, a move aimed at diversifying their currency reserves. This large-scale, state-level purchasing continues to remove available supply from the market, providing a firm price floor even during periods of technical correction.

The $72 Threshold: A Key Technical Battleground

All eyes are on the $72 level as the market awaits the post-holiday return of electronic futures trading. This price point has emerged as a critical psychological and technical barrier. While momentum indicators suggest the metal may be overbought in the near term, the underlying bullish trend remains firmly intact. A decisive and sustained breakout above this resistance could establish a foundation for further advances in the new year. The initial trading activity following the holiday break is expected to offer the first clues regarding the next directional move.

Key Data Points:
* Year-to-Date Gain: Exceeds 140%
* Current Price Action: Consolidating near $72 per ounce
* Primary Drivers: Federal Reserve rate cuts and surging industrial demand
* Market Outlook: A structural supply deficit is widely forecasted