Silver prices fall to their lowest level in over a year. - Vietnam.vn

AI desk brief

Silver futures for December delivery fell nearly 5.9% last week to $53.95/oz, the lowest level in over a year, as selling pressure swept across precious metals. December platinum also dropped 4.3% to $1,542/ton, with the article linking the move to geopolitical risk, firmer energy prices, and expectations that higher-for-longer US rates could support the dollar and raise the opportunity cost of holding silver.

Positioning was also a drag: CFTC data showed managed-money net longs in silver fell for a fourth straight week to 3,505 contracts, down 37.62% WoW and the lowest since March 2024. The piece adds that elevated public debt in Europe and rising credit stress around AI infrastructure spending could weigh on industrial silver demand if data-center investment slows.