Silver Price Today (Dec 25, 2025): Spot Silver Holds Near $72 After Fresh Record High — What’s Driving XAG/USD Now
Silver is spending Christmas Day doing something traders love and hate in equal measure: calming down after a historic sprint.
After ripping to a new all-time high around $72.70 per ounce, spot silver (XAG/USD) is now holding near the $72 area in thin holiday trading, with prices hovering roughly $71.5–$72.0 depending on the feed and timestamp.
That “depending on the feed” line isn’t a cop-out—it’s the reality of a market that trades globally, across time zones, with liquidity noticeably reduced around Christmas.
Silver price today: where XAG/USD stands on December 25, 2025
As of the latest Dec. 25 update from Twelve Data, XAG/USD was around $71.9646 with extremely tight intraday movement—another hallmark of holiday conditions.
Other widely followed spot trackers showed similar levels earlier in the day (with slight variations by timestamp and methodology). For example, JM Bullion’s live spot display showed $72.15 early on Dec. 25 (US time).
Meanwhile, Reuters’ latest market wrap heading into Christmas highlighted silver’s breakout to a record $72.70, followed by a modest pullback toward the $71.9 area—essentially a pause after an explosive move.
The big silver headline on Dec 25: a breather after a record-breaking rally
Today’s dominant story across precious metals is straightforward: gold, silver, and platinum surged to records—then eased back as profit-taking and positioning kicked in.
A Reuters report published on Dec. 25 (carried by Dawn) described “chart consolidation” and mild profit-taking after record highs, with silver still elevated after tagging $72.70.
In other words: silver didn’t “collapse.” It paused—and in markets, pauses after vertical moves can matter just as much as the move itself.
Why silver spiked: rate-cut expectations are back in the driver’s seat
Silver’s 2025 story has been part macro and part momentum—and today’s news cycle leans heavily on the macro side.
Reuters noted that the precious-metals surge has been supported by expectations of a lower-rate environment, including the detail that the Federal Reserve has cut rates three times in 2025, with traders pricing additional cuts next year.
Investopedia, in its broader look at the metals rally, also emphasized rate-cut expectations and a weakening dollar as key accelerants behind the record run in gold and silver.
Lower rates (and especially lower real rates—after inflation) reduce the “opportunity cost” of holding non-yielding assets like precious metals. Silver, being both a monetary metal and an industrial metal, tends to get pulled into that gravitational field fast when the macro narrative flips supportive.
