On Friday, silver stocks in the U.S. market showed strong gains, with First Majestic Silver (AG.US) rising over 7%. Hecla Mining (HL.US) and Silvercorp Metals (SVM.US) climbed more than 5%, while Coeur Mining (CDE.US) advanced over 4%.

The rally was driven by a surge in spot silver prices, which extended gains to 3% intraday, reaching a record high of $55 per ounce. Multiple factors supported silver's upward momentum, including heightened market expectations for a Fed rate cut in December, increased inflows into silver ETFs, and persistently tight supply conditions.

Additionally, trading disruptions on the CME Comex, which halted for several hours, led to unusually low liquidity and price volatility in both gold and silver markets on Friday.