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This is your Daily Silver Price Tracker with Vanessa Clark podcast.

Hello everyone and welcome back to Daily Silver Price Tracker with me, Vanessa Clark. Today is Wednesday, December third, twenty twenty-five, and we have some absolutely fascinating developments in the silver market to break down for you.

Let's start with the numbers because they are remarkable. Silver is currently trading around fifty-eight dollars and fifty cents per troy ounce, up roughly zero point zero nine percent from yesterday. Now, before that might sound modest, here's what makes today truly historic. Silver has now gained one hundred percent year to date. That means the metal opened this year at around twenty-nine dollars and has literally doubled. We're also seeing reports of silver touching an all-time high of fifty-nine dollars and sixty-five cents just recently. Over the past month alone, silver has surged twenty-four percent, and compared to this time last year, we're looking at an eighty-six percent increase. That is extraordinary.

But here's where things get really interesting for investors and silver watchers like us. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone is sounding some serious warnings about where this rally might be heading. McGlone describes the current parabolic rally as quote a little scary, and he's laying out two very different scenarios for silver's future. On the bullish side, silver could potentially surge to an unprecedented seventy-five dollars per ounce. But on the flip side, McGlone warns of a sharp retreat down to forty dollars. That's a massive range, and it reflects the genuine uncertainty in the market right now.

So what's driving this one hundred percent surge? According to industry analysts, there's a fundamental supply crunch that most people don't realize. Global silver demand has exceeded mine production for five consecutive years. We're looking at industrial fabrication forecasted to reach over eight hundred eighty million ounces annually in twenty twenty-six, while primary mine production is capped around eight hundred twenty million ounces. This isn't speculation driving prices higher. It's genuine scarcity, particularly because more than half of silver demand now comes from industrial applications like solar panels, electronics, medical devices, and EV components.

McGlone points out that silver's rally is significantly riding on the back of gold, which he anticipates reaching four thousand dollars. If that happens, it could provide substantial support for silver to keep climbing. However, he also cautions that excessively high prices could dampen industrial demand, creating downward pressure. Additionally, silver has a stronger correlation with the stock market than gold does, so a significant market downturn could adversely impact silver's price.

What should you take away from all this? The silver market is at a genuine crossroads. We're seeing record physical demand colliding with tight supply. Meanwhile, the broader economic picture with weakening employment data and potential interest rate cuts is making non-yielding assets like silver increasingly attractive to investors. Whether silver heads toward seventy-five dollars or retreats to forty remains to be seen, but one thing is certain: volatility is here to stay.

Thank you so much for tuning in to Daily Silver Price Tracker with me, Vanessa Clark. I hope you found today's breakdown helpful as you navigate these exciting and uncertain times in the precious metals market. Please make sure to subscribe and join us again next time for the latest silver price news and insights. Take care everyone.

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