Silver jumps more than 1% after sharp pullback
Istanbul, Dec. 30 (Hibya) - Silver climbed to $73 an ounce on Tuesday after plunging 8% in the previous session. The drop marked the sharpest one-day decline in the past five years as investors took profits.
Ongoing geopolitical tensions continue to support silver as a safe-haven asset, while uncertainty persists as no progress has been made in peace talks between Russia and Ukraine.
Reports said Russian President Vladimir Putin told U.S. President Donald Trump that Moscow would reassess its stance following claims that Ukraine attacked strategic areas.
U.S. warnings of possible strikes should Iran restart its nuclear and missile programs, along with China conducting large-scale military drills around Taiwan, have further heightened tensions.
Despite short-term volatility, silver is on track for gains of around 158% — one of its best annual performances since 1979 — supported by strong industrial demand, ongoing supply constraints, steady ETF inflows, central bank purchases and three U.S. rate cuts. Markets are pricing in expectations for further easing with rate cuts set to continue into 2026.
British News Agency
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