Silver Hits Record Highs, Then Retreats

Silver prices went up a lot and even became more valuable than big companies like Apple and Alphabet.

It reached a really high price of $84 per ounce, but then it went down a bit because people started selling it to make a profit.

Silver is still very valuable, and it's the second most valuable thing after gold.

The price of silver in India has also gone up a lot, more than double in the past year.

Experts think silver might keep going up because there isn't enough of it to meet the demand.

There are also some worries about the market being volatile, and big banks are having trouble meeting the demand for physical silver.

The U.S. Federal Reserve had to put in extra money to help with this.

Silver prices hit record highs due to strong industrial demand, supply constraints, and expectations of U.S. interest rate cuts.

The price of silver in India has surged by nearly 175% this year, outpacing gold's 80% increase.

Analysts attribute the rally to a demand-supply gap, monetary policy easing, and geopolitical uncertainty.

Silver's industrial demand is driven by its use in solar panels, electronics, and electric vehicles.

The U.S. Federal Reserve's interest rate cuts and geopolitical tensions have also supported the rally in silver and gold prices.