Silver Jumps To An All-Time High, Supported By Tight Supplies
Money and Business Economy News – Follow-up Silver prices jumped more than 2% on Monday morning, hitting a new record high, benefiting from a continued decline in global supply and rising expectations of an interest rate cut in the United States this month.
Silver traded at $57.86 an ounce, its highest level ever, extending its gains for the sixth consecutive day after rising 6% in Friday’s session.
On the stock market, shares of silver mining companies also rose on Monday, with Sun Silver shares climbing 20% and Silver Mines shares rising 12% in Australia, while shares of China Silver Group, listed in Hong Kong, jumped 14%.
Silver prices have more than doubled since the start of the year, supported by limited supplies in physical markets.
In 2025, silver stole the spotlight from gold after recording unprecedented record levels, confirming that its controversial title of “the devil’s metal” is not without reason, as it is known for its sharp fluctuations that confuse markets and surprise investors.
Silver, which usually moves in the shadow of gold, made a historic leap this year, after its price exceeded $54.47 an ounce in mid-October, an increase of 71% year-on-year, before retreating slightly only to rise again amid a supply shortage crisis.
Market experts believe that this wave is not temporary, but rather carries new dynamics that may push prices even higher. https://economy-news.net/content.php?id=62914
Silver Prices Are Set To Shine In 2025
Stock Exchange Silver prices reached record highs in 2025, placing it in the spotlight and attracting the attention of global investors, despite challenges related to limited supply.
The metal, sometimes called “the devil’s metal” due to its extreme volatility, achieved exceptional gains this year, coinciding with the rise in gold prices, which surpassed $4,000 per ounce.
Silver prices reached a record high of $54.47 per ounce in mid-October 2025, marking a 71% increase compared to the previous year, before declining slightly and then rising again.
This surge in silver prices is attributed to data indicating continued high demand relative to limited supply. A significant portion of the price increase is attributed to the growing demand from India, the world’s largest consumer of silver.
The metal is used in the manufacture of jewelry, household items, and decorative objects, and the country’s annual consumption is approximately 4,000 metric tons.
Prices in India rose to a record high of 170,415 rupees per kilogram on October 17, an increase of 85% since the beginning of the year, while the Indian market relies on imports that account for about 80% of its supply.
The industrial and technological dimension of silver demand is no longer limited to investment or traditional use. It has expanded to include growing industrial needs, particularly with the increasing production of electric vehicles, artificial intelligence applications, and solar energy.
Silver is used in standard electric vehicle batteries at a rate of approximately 25 to 50 grams per vehicle, and this could reach one kilogram in future vehicles with solid-state batteries. Silver is also utilized for its high electrical and thermal properties, making it a key component in modern clean energy industries.
Experts explained that the current supply and demand cycle, coupled with the scarcity of mine production in Central and South America over the past decade, makes silver one of the rare metals that combines investment value with industrial applications, reinforcing expectations that its prices will remain high in the near future.
October 2025 marks the third time in 50 years that silver prices have peaked, following January 1980 when the Hunt brothers attempted to control the market, and again in 2011 after the US debt ceiling crisis, when investors turned to gold and silver as safe havens. https://economy-news.net/content.php?id=62888
Gold Prices Remained Stable In Baghdad But Rose In Erbil
Monday, December 1, 2025 | Economy Number of views: 233 Baghdad ( NINA ) – Gold prices in Baghdad remained stable on Monday, while rising in Erbil.
The selling price of one mithqal (approximately 4.5 grams) of 21-karat gold from the Gulf, Turkey, and Europe in Baghdad’s wholesale markets on Al-Nahr Street was 850,000 Iraqi dinars, with a buying price of 846,000 dinars.
The selling price of one mithqal of 21-karat Iraqi gold was 820,000 dinars, with a buying price of 816,000 dinars. In jewelry shops, the selling price of one mithqal of 21-karat Gulf gold ranged between 850,000 and 860,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 820,000 and 830,000 dinars.
Gold prices in Erbil have risen, with the selling price of 22-karat gold reaching 888,000 dinars, 21-karat gold 848,000 dinars, and 18-karat gold 727,000 dinars. /End https://ninanews.com/Website/News/Details?key=1264630
The Dollar Continues To Rise In Baghdad And Erbil
Stock Exchange The exchange rate of the US dollar against the Iraqi dinar rose on Monday afternoon in the markets of Baghdad and Erbil, coinciding with the closing of the stock exchange.
The dollar prices rose in the Al-Kifah and Al-Harithiya exchanges to record 142,900 dinars for 100 dollars, while the prices this morning were 142,650 dinars for 100 dollars.
Selling prices rose in exchange shops and local markets in Baghdad, with the selling price reaching 144,000 dinars for 100 dollars, while the buying price reached 142,000 dinars for 100 dollars.
In Erbil, the dollar also recorded an increase, with the selling price reaching 142,300 dinars per 100 dollars, and the buying price reaching 142,100 dinars per 100 dollars. https://economy-news.net/content.php?id=62936
Oil Prices Rose, Supported By OPEC+ Production Plan And Concerns Over Venezuela.
Economy |01/12/2025 Oil prices rose by as much as 1.5% after OPEC+ countries confirmed their plan to halt production increases during the first quarter of next year, in addition to concerns about potential US action against Venezuela, an oil-producing nation, which caused market volatility.
By 00:52 GMT, Brent crude had pared its gains to settle at $62.99 a barrel, up 0.98%. US West Texas Intermediate crude also rose 0.99% to $59.12 a barrel.
OPEC+ had agreed in early November to halt production increases, a move aimed at slowing efforts to regain market share amid concerns about oversupply.
Following Sunday’s meeting, OPEC+ stated that it reaffirms the importance of a cautious approach, while maintaining full flexibility to halt or reverse any further voluntary production adjustments. https://www.mawazin.net/Details.aspx?jimare=271009
Oil Companies Extend Invitations To US Firms To Manage The West Qurna/2 Oil Field
Economy | 01/12/2025 Mawazin News – Baghdad The Ministry of Oil announced that it has taken the necessary steps to transfer the management of the West Qurna/2 oil field to a major American oil company, emphasizing that this move aims to sustain production and enhance the stability of global markets.
In a statement, the Ministry said, “The procedures included direct and exclusive invitations to a number of major American companies, entering into direct negotiations with them, and receiving their bids. The transfer process will be conducted through transparent competition and according to the established criteria for awarding oil field development contracts.”
The Ministry added that “transferring the management of the West Qurna/2 field to an American oil company will serve mutual interests, enhance the stability of global markets, and ensure the continuity of Iraqi oil production operations, market share, and the sustainability of the country’s resources.”
It affirmed that this step strengthens the joint economic relations between Iraq and the United States and contributes to the transfer of modern technology, benefiting both countries. The Ministry noted that “the participation of more major American companies in developing the Iraqi oil sector underscores Iraq’s strategic importance in this sector and contributes to diversifying the international expertise operating within it, thus achieving Iraq’s economic interests and ensuring their sustainability.” https://www.mawazin.net/Details.aspx?jimare=271035
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