The white metal rose for a sixth session and is up about a quarter in that period – the biggest six-day increase in records since 1950. The recent advance has been buoyed by speculative inflows and lingering supply dislocations across major trading hubs after a short squeeze in October.

Precious metals have rallied this year, underpinned by elevated central-bank purchases, inflows to exchange-traded funds and three successive rate cuts by the US Federal Reserve. Lower borrowing costs are a tailwind for the commodities, which don’t pay interest, and traders are betting on more rate cuts in 2026.

The Bloomberg Dollar Spot Index, a key gauge of the US currency’s strength, fell 0.8% last week, its biggest weekly drop since June. A weaker dollar is generally supportive of gold and silver.

Spot silver rose 5.5% to US$83.65 as of 7:23am in Singapore. Gold edged up 0.1% to US$4,539.93 an ounce. Platinum added 0.6% and palladium was up 1.5%.