Silver Prices Surge in 2025, Up Over 60% and Nearing All-Time Highs
Silver prices are soaring in 2025, up over 60% so far this year, nearing all-time highs. The precious metal has seen a remarkable surge, jumping from around $29.60 to over $47 per ounce. This significant increase comes amidst a sixth consecutive supply deficit and growing demand from various industries.
The US government shutdown has fuelled safe-haven demand for precious metals, including silver. Investors perceive silver as undervalued relative to gold, potentially driving its price further. The US Department of the Interior has even suggested adding silver to the USA's list of critical minerals.
Looking at global reserves, Asian countries like China, India, and Russia hold the largest silver stockpiles. China, with the most significant reserves, has maintained relatively stable levels in recent years. Meanwhile, India and Russia have seen moderate increases in their silver stockpiles.
Silver's price surge is also driven by its expanding industrial uses. From solar panels to electric vehicles and electronics, demand for silver continues to grow, anchoring its long-term prospects. This increased demand, coupled with a supply deficit, is expected to stabilize silver prices for the fifth consecutive year in 2025.
Silver prices are surging in 2025, nearing their 14-year high. With a sixth consecutive supply deficit, growing demand from industries, and potential safe-haven investment, silver's price trajectory remains bullish. As it approaches its all-time high, investors and industry players alike are closely watching the silver market.
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