Silver prices fall from record peak

Silver prices fell nearly 3% on Friday after hitting an all-time high earlier in the session, as profit-taking set in.

Spot silver fell about 3% to $61.7 per ounce by 01:46 p.m. ET (18:46 GMT), after hitting a record high earlier.

Silver futures with delivery in March 2026 set a new historical record during the trading session on Comex yesterday, according to trading platform data.

The precious metal prices gained 0.72% to $65.06 per Troy ounce. The prices geared down to $64.35 per Troy ounce later on, down 0.37%.

Gold futures with the settlement in next February edged up by 1.38% to $4,372.7 per ounce.

Silver prices are up nearly 5% for the week and have gained 112% this year, spurred by tightening inventories, sustained industrial demand and its inclusion on the U.S. critical minerals list.