Why has silver price reached record high of $117 and will it increase further or witness sharp decline?

Why has silver price reached record high of $117 and will it increase further or witness sharp decline? This question is drawing attention across global markets. Silver prices moved sharply higher and crossed the $117 mark after months of steady gains. The metal has risen more than 50 percent this year. Investors reacted to geopolitical tension, tariff threats, and weakness in the US dollar. Gold prices also touched record levels, which supported silver demand. Futures activity increased across contracts. Central bank policy uncertainty added to market moves. Traders now watch whether silver can sustain gains or face correction pressure.