Silver’s record run outpaces gold as momentum surges

David Morrison

SENIOR MARKET ANALYST

10 Dec 2025

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Silver continues to be the standout performer amongst precious metals. Yesterday it surged above $60 per ounce for the first time in history. It rallied further overnight, briefly topping $61.60 to hit a fresh record intra-day high before pulling back. Buying interest has been intense, supported by lingering supply tightness and strong ETF inflows. But the daily MACD indicates that it is once again entering seriously overbought territory. There’s nothing that says silver can’t continue to be overbought.

In fact, when silver is on a tear, as it is now, the MACD can become exceedingly overextended. But it is also a warning that silver may have risen too high, too fast. Silver has more than doubled this year, outpacing gold’s impressive 60% gain. The dynamic between gold’s steadiness and silver’s explosive momentum continues to define the precious metals space this week.

Source: TN Trader


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