Silver: Exceptional rally continues – ING

FXStreet Insights Team FXStreet

Silver has broken above the $100/oz mark for the first time, extending an exceptional rally. Prices surged nearly 150% last year and have increased by 40% year-to-date, significantly outperforming Gold. This strength is attributed to resilient safe-haven flows and robust industrial demand. Ewa Manthey, Commodities Strategist at ING notes.

Silver breaks above $100/oz

"Support for silver has been reinforced by a weaker US dollar, lower real yields, and stronger investor appetite for hard assets amid heightened policy uncertainty. Silver has also been boosted by a historic short squeeze and strong retail buying."

"At the same time, industrial demand - particularly from solar, electrification, and grid infrastructure investment - has tightened the physical market at a time when mine supply growth remains limited."

"Despite these risks, the broader setup remains constructive. Strong industrial demand, tight physical balances, and solid investor interest continue to support the market."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD jumps to near four-year high at 1.1920

The EUR/USD pair is up 0.36% to near 1.1900 during the Asian trading session on Monday. The major currency pair strengthens as the US Dollar extends last week’s decline amid caution ahead of the Federal Reserve's monetary policy announcement on Wednesday.

GBP/USD strengthens above 1.3650 on robust UK data

The GBP/USD pair trades in positive territory near 1.3660, the highest since September 17, 2025, during the early European session on Monday. The Pound Sterling edges higher against the Greenback on the stronger-than-expected UK Retail Sales and Purchasing Managers Index data. Traders will keep an eye on the US November Durable Goods Orders report later on Monday.

Gold storms through $5,000 on fresh safe-haven flows

XAU/USD has left dust behind the $5,000 level on threats of a US government shutdown, scars from the transatlantic rift around Greenland and speculation of coordinated efforts to boost the Yen, indirectly hurting the US Dollar.

Bitcoin, Ethereum and Ripple see slight recovery after recent corrections

Bitcoin, Ethereum, and Ripple prices recovered slightly at the time of writing on Monday after correcting by over 7%, 14%, and 7%, respectively. The top three cryptocurrencies are nearing key support levels, and if they hold, could consolidate or extend their recovery in the upcoming days.

Tariffs as statecraft: Escalation to retraction on Greenland

Although the U.S. administration has walked back its proposed tariff package on major European economies, the episode still marks a significant escalation in transatlantic tension.

Cardano Price Forecast: ADA downside risks intensify, opening the door to $0.27

Cardano (ADA) price hovers around $0.34 at the time of writing on Monday, after three consecutive weeks of correction since early January. The falling Open Interest (OI) further supports the ongoing correction signaling waning investor participation.