1. Silver prices surged past $60, doubling this year due to supply issues. 2. Current spot silver stands at $60.82, fueled by anticipated rate cuts. 3. Silver demand increased amid inventory shortages, raising concerns over supply chains. 4. U.S. Geological Survey categorized silver as a critical mineral, indicating economic importance. 5. The U.S. dollar index declined 8.5% this year, aiding silver price rise.