Silver Price Today 28 November 2025: XAG/USD Hovers Near Record High Around $54 on Fed Cut Bets and Supply Squeeze
Silver traded near record highs Friday, with global spot prices around $53.8–$54.0 per ounce and COMEX futures up nearly 2% on the day. The metal has surged 13% in a month and 76% year-on-year, outpacing gold. Indian MCX silver futures hit ₹1,63,650 per kilogram. Traders cite Fed rate-cut bets, a weaker dollar, and supply concerns as key drivers.