Silver just hit a record high—here's why everyone's talking about it
Silver prices have shot up to an all-time high of $60 an ounce, thanks to buzz that the US Federal Reserve is about to cut interest rates.
Lower rates usually make metals like silver and gold more attractive, so investors are piling in.
Gold is also on the rise, partly because of worries about US tariffs and the shaky global economy.
Why tech and green energy are driving demand
Silver isn't just for jewelry—it's essential for making electric vehicles and solar panels because it conducts electricity so well.
Demand from tech and clean energy companies has skyrocketed this year, but production hasn't kept up due to mine closures and less investment.
As Kosmas Marinakis from Singapore Management University puts it, this supply crunch means prices could stay high.
With expectations of lower interest rates and a weaker US dollar, more people are turning to silver as a safe-haven asset right now.