Silver Price Today (Dec. 12, 2025): Why XAG/USD Is Down After a Record High — and What Analysts Forecast Next
Silver is having a “two-speed” day on Friday, December 12, 2025: it set a fresh all-time high early in the session, then pulled back sharply as traders locked in profits and macro headwinds returned. By early afternoon in New York, spot silver (XAG/USD) was down about 3% near $61.7–$61.9 per ounce, after printing a record around $64.64–$64.66 earlier in the day. FXStreet+3TradingView+3FXStreet+3 So if you’re asking “silver price today — why is it down?” the short answer is: a classic profit-taking reversal from record highs, helped along by a firmer U.S. dollar, rising Treasury yields, and risk-off crosswinds that pushed traders to reduce exposure ahead of key U.S. data next week. FXStreet+3TradingView+3Reuters+3 Below