"Silver has experienced a remarkable bull market, more than doubling in value from around $30 (24.54) per ounce at the start of the year to an all-time high of $64.65 per ounce on December 12. The metal traded on COMEX the commodity division of the New York Mercantile Exchange (NYMEX) near $30 in January and hovered between $37 and $40 through the summer before breaking decisively higher in September. Momentum then accelerated, with the strongest moves in the last three months of the year."
"Before 2025, silver had spent much of the past decade in the $15 to $25 range, with occasional spikes above $30 during periods of investor enthusiasm. But it struggled to sustain upward momentum. Even in previous peaks in 1980 and 2011, silver topped out near $49 per ounce, far below gold's surges above $1,900. However, this year, gold has underperformed, rising 60% to around $4,340 per ounce, compared with silver's more than doubling in price."
Silver rose from around $30 per ounce at the start of the year to $64.65 on December 12, a 110% year-to-date gain. The metal traded near $30 in January, hovered between $37 and $40 through summer, then broke higher in September with the strongest moves in the final three months. Silver had spent much of the prior decade in the $15–$25 range and struggled to sustain rallies. Gold rose about 60% to roughly $4,340 per ounce while silver outpaced it. The rally was driven by a falling US dollar, Fed rate-cut expectations, and tightening global supply as production lagged demand; Latin America and Mexico have seen declining output as mines age and reserves dwindle.
Read at www.dw.com
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