Silver price (XAG/USD) continues its winning streak that began on January 22, trading around $117.70 per troy ounce during the Asian hours on Thursday. Silver price surged to a fresh record high of $119.42 earlier, supported by persistent safe-haven demand amid economic and geopolitical uncertainty. Investor appetite for precious metals, including Silver remained strong despite a rebound in the US Dollar (USD), highlighting robust hedging demand against currency risks. Geopolitical risks remained elevated amid escalating Middle East tensions. At the same time, solid industrial demand from renewable energy and electronics sectors continued to tighten supply, reinforcing Silver’s upward momentum.