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26.01.202602:12:51UTC+00Silver Extends Record Rally

Silver prices surged over 4% on Monday, climbing above $107 per ounce, as the precious metal continued its historic rally to unprecedented highs. This surge is driven by strong safe-haven and investment demand, compounded by a persistent scarcity in the physical silver market. The rising prices have led to significant retail demand in major markets like China and India, encouraging investors to opt for 1-kilogram silver bars. Reports indicate that Chinese manufacturers are transitioning from producing silver jewelry to investment products to meet this growing demand. Additionally, macroeconomic factors have played a crucial role in this uptrend, with increased geopolitical and trade uncertainties. US President Donald Trump has recently threatened to impose 100% tariffs on Canada should it finalize a trade agreement with China. At the same time, speculation that Trump might replace Federal Reserve Chair Jerome Powell with a more dovish candidate has heightened market expectations for future interest rate cuts, further driving safe-haven investments into precious metals.

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