Silver Price Today, December 9, 2025: XAG/USD Near $60 as Fed Rate Cut Bets and Supply Squeeze Drive Fresh Rally
Silver prices are surging again today, with spot XAG/USD trading around $60 per ounce and hovering just below this month’s record highs as traders brace for a pivotal U.S. Federal Reserve decision and an increasingly severe physical supply squeeze. Live wholesale quotes from bullion dealers show silver near $60.05/oz, up about 2.9% on the day as of 10:37 a.m. ET, after earlier trading in the high‑$57s to high‑$58s. JM Bullion+1 At the same time, silver remains one of 2025’s standout assets globally: it has roughly doubled in price this year, with some datasets putting year‑to‑date gains around 100–102%, far outpacing gold’s roughly 60% rise. Reuters+2Investopedia+2 Live Silver