Silver price tops its $53 record on industrial and AI demand

Silver is back above the record area near $53 it first reached on November 5, and it is doing it into a backdrop that should be hostile to it. Per Yahoo Finance quotes fetched this morning, the metal was changing hands around $53.23 on futures (SI=F), a little above Monday's $52.69 close, while spot was quoted in the $53.04 to $53.06 range and a year-over-year read from Macrotrends showed silver up about 5%. What makes the move noteworthy is the company it is keeping: markets still price about 80% odds of a quarter-point Federal Reserve hike in December after Friday's strong employment report. Silver is climbing anyway, carried by the softer-oil disinflation route that is easing headline inf…