Silver prices set a new all-time record on Wednesday, surpassing the $65 per ounce mark for the first time in history. In 2025, the metal's value increased by more than 120%, making it the best annual performance on record (since 1982). Silver confidently outpaced gold, which gained 64% during the same period. This was reported by Reuters, writes UNN.
Details
The jump in value was triggered by a combination of fundamental and investment reasons. The key factor was a supply deficit amid growing demand from high-tech industries: the construction of data centers for AI, the production of solar panels, and electric vehicles.
Gold hits seven-week high, silver sets record - Reuters12.12.25, 17:02
The rally is currently largely driven by investment. It has a strong fundamental basis... but these prices are driven by investment and speculation.
An additional impetus was the official inclusion of silver in the US list of critical minerals. This decision transformed the metal from an investment asset into a strategic raw material for national security.
In addition to industrial demand, silver benefits from geopolitical tensions and trade wars, acting as a "safe haven" for capital alongside gold. On Wednesday, spot prices peaked at $66.87 per ounce.
Rising gold prices provoke a global surge in illegal mining - World Gold Council10.12.25, 17:59