"Silver has experienced a remarkable bull market, more than quadrupling in value from around $30 (24.54) per ounce at the start of the year to an all-time high of $120.44 per ounce (28 grams) on Thursday (January 29). At the beginning of last year, 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."
"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. This year's breakout was partly fueled by a falling US dollar and expectations of US Federal Reserve rate cuts, which make precious metals more attractive as safehaven assets."
Silver more than quadrupled in value in 2025, climbing from about $30 per ounce at the start of the year to an all-time high of $120.44 on January 29. The metal had traded mostly between $15 and $40 over the prior decade, with previous peaks near $49 in 1980 and 2011. The 2025 breakout was supported by a falling US dollar, expectations of Federal Reserve rate cuts and tightening global supply as production struggles to meet demand. Latin America supplies over half of global silver and is experiencing declining output as mines age and reserves dwindle. Mexico, responsible for roughly 25% of supply, has seen double-digit output drops and major mines such as San Julian approaching end-of-life by 2027.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]