By Asit Manohar
Publication Date: 2025-12-29 02:39:00
Silver rate today: Extending the rally for the fifth straight session, silver rates today touched a new peak of $84 per ounce in the spot market. While climbing to this peak, the precious white metal went on to trump US tech giant NVIDIA as the second most valuable asset in the world. At $84 per ounce levels, silver became the second most valuable asset, with a net value of $4.65 trillion, as reported by the renowned Kobessi Letter from its ‘X’ handle. NVIDIA’s stock price ended at $190.53 per share on Friday, with a market capitalisation of $4.63 trillion.
At 6:20 PM ET, just 20 minutes after futures opened, silver prices surged to a record high of $83.75, up +6% from the previous close.
However, the precious white metal soon came under the profit-booking trigger and dropped around 5% from the record high within a few minutes. As reported by Reuters, Silver rates today retreated sharply after smashing through $80 an ounce for the first time, with traders taking profits from a record-breaking rally powered by a structural imbalance in supply and demand.
The white metal fell as much as 5% on Monday, after earlier spiking to a record $84 an ounce following five straight days of gains. A weaker dollar and escalating geopolitical tensions have contributed to the appeal of precious metals, driving them to all-time highs for silver, gold, and platinum at the end of the year.
By 7:30 PM ET, silver prices had fallen to a low of $75.15, erasing 10% of their value in 70 minutes.
