March Silver futures surged to record highs, breaking above 101 to reach 170 during a volatile session. The 6.57% daily gain contributed to a weekly performance of over 15.8%, the strongest weekly move on a percentage basis in nearly a year. This rally was underpinned by stronger than expected manufacturing PMI data from Germany, the Eurozone, and the UK. While the U.S. print of 51.9 did not exceed consensus, it still showed slight growth compared to the previous month, reinforcing expectations for increased industrial demand for silver in electrical applications. A significant drop in the U.S. Dollar provided an additional tailwind for precious metals. The dollar fell against major currencies, particularly the yen and the yuan, hitting its lowest level since October 1. Because silver is priced in dollars, the currency depreciation made the metal more attractive to international buyers, further accelerating the price increase.