Gold isn’t the only precious metal having a banner year.
Silver hit an all-time record spot price of $60 per troy ounce on Tuesday. At press time on Wednesday, it had surpassed that, reaching $61 an ounce.
While silver’s rally hasn’t attracted the same attention as gold’s, the metal sometimes deried as “gold’s little brother” is actually having a better year than its yellow counterpart. Silver’s value has virtually doubled during 2025, after starting the year at $31. That tops gold’s still-amazing 60% jump in the same time span.
On the BBC, Yeow Hwee Chua, an economics professor at Nanyang Technological University in Singapore, said the same factors that have turbocharged gold were also helping silver: namely, the desire to find a “safe haven” amid wobbly bond prices and a weak U.S. dollar.
“That naturally shifts demand toward assets viewed as stores of value, including silver,” said Chua.
Silver’s reputation as the “poor man’s gold” could also be fueling its rise, Hiren Chandaria, managing director of Monetary Metals, told The Washington Post.
“With gold prices rising so high, many households and smaller investors have shifted toward silver as a more affordable precious-metals store of value,” he said.
(Photo: Getty Images)
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