Silver Retreats to Mid-$60s From Near $120 Peak After 2025 Surge

Silver has pulled back sharply in June to the mid-$60s after peaking near $120 in January, with higher-for-longer U.S. rate expectations, a stronger dollar and profit-taking weighing on prices. Even after the drop, the metal remains up 86% over the past year, a move the article frames as bull-market volatility rather than a broken trend. It points to industrial demand posting four consecutive record years from 2021–2024 and an estimated cumulative supply shortfall of roughly 800 million ounces over the same period. The analysis also highlights an India rule taking effect in April 2026 that would allow mutual funds to allocate up to 35% to gold and silver, potentially opening about $385 billion in equity-fund assets to precious metals.