The price of silver in the United States recorded a daily decline this Monday, December 29, after several days of increases that saw the metal rise to historic levels. The correction came after the weekend rally and came against a backdrop of widespread declines in the precious metals market. At the same time, the latest escalation Put up warning signs in productive sectors, based on a public warning from Elon Musk about the industrial impact of record levels.
According to the quotes from monetary metalsSilver was in $76.30 per ounceequals 28.34 grams, a decrease of $3.65 from the previous value. This fluctuation represented a decrease of 4.78% compared to the previous day. The adjustment came after a period of accelerated increases that pushed the price to record highs. Despite the daily decline, the metal remained above early December and early 2025 levels.
The market move didn’t just impact silver. According to the same reference, gold traded at $4,473.75, down 1.66%, while platinum fell to $2,338.25, down 6.18%. Palladium saw the biggest decline, falling 13.69% to $1,736.35. The fluctuations lead to an adjustment scenario after weeks of strong momentum for metals as a whole.
Beyond Monday’s specific decline, silver had just made one of the most significant advances of the year. According to information from Reutersmetal recently surpassed $77 per ounce and reached an intraday high of $77.40. This level has been consolidated a cumulative increase of 167% has made silver one of the best performing assets within the sector so far this year, outperforming even gold and platinum over the same period.
According to the same report, expectations of interest rate cuts by the US Federal Reserve in 2026 appeared to be one of the key factors driving the rally. Added to this scenario was a weaker dollar, ongoing international tensions and greater interest in physical metals as a refuge against inflation and the loss of currency purchasing power.
The price increase didn’t just have a financial impact. It also raised concerns about industrial activities that use silver as a strategic commodity. Elon Musk referred to the topic via the social network X and expressed concern about the productive consequences of record prices. “That’s not good. Silver is necessary in many industrial processes.”said the businessman.
This is not good. Silver is required in many industrial processes.
— Elon Musk (@elonmusk) December 27, 2025
This Monday’s correction then took place in a context characterized by high values, a cumulative increase in size and an open debate about the impact that the increase in metal prices can have on the real economy.
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