- Silver's price surged past $60, up about 109% year-to-date, driven by record highs, vanishing inventories, and strong industrial demand.
- Fundamentals remain bullish: critical mineral status, potential Fed rate cuts, weaker dollar, and growing green tech demand suggest further upside.
Silver’s been on a tear lately, and if you’ve been watching the markets, you might be wondering if you’ve missed the boat.
Prices just hit a jaw-dropping record high, blasting past $60 per troy ounce for the very first time.
But hold on—before you kick yourself for not jumping in earlier, let’s dive into what’s driving this rally and why there could still be plenty of upside ahead.
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We’re talking about a metal that’s not just a shiny investment but a critical player in everything from solar panels to electric vehicles.
Stick with me as we break it down, because the story here is bigger than just a price spike.
In the end, we will identify whether it’s too late to buy silver at these prices.
The Historic Surge: Silver’s Wild Ride in 2025

Picture this: Silver futures on the New York Commodity Exchange rocketed to an intraday high of $61.06, settling around $61 after a nearly 4% jump in a single day.
The spot price? It topped out at $60.82, marking the first time ever it’s crossed that $60 threshold.
That’s not just impressive—it’s a whopping 109% increase year-to-date.
Yeah, you read that right. If you parked some cash in silver at the start of 2025, you’d be looking at more than double your money by now.
What’s even more wild is how silver is leaving its more famous cousin, gold, in the dust.
Gold’s up a solid 60% this year, trading around $4,226 after a modest 0.4% daily gain.
Sure, gold hit its own peak above $4,381 back in October, but silver’s outpacing it big time.
Even platinum’s joining the party with an 86% rise, fueled by booming demand from electric vehicles and shrinking global supplies.
So, why is silver stealing the spotlight? It’s not just hype—there are some rock-solid fundamentals at play.
What’s Fueling the Fire? Supply Crunch Meets Sky-High Demand
Dig a little deeper, and you’ll see this isn’t some random bubble.
A global supply squeeze is the big culprit. Inventories in London’s key trading hub have basically vanished this year, creating what experts call “no liquidity available.”
Anant Jatia, chief investment officer at Greenland Investment Management, put it bluntly: “What we are seeing in silver is entirely unprecedented.”
That’s not the kind of language you hear every day in finance—it’s a sign that something fundamental has shifted.
On top of that, silver just got a major nod from the U.S. government.
In November, it was added to the U.S. Geological Survey’s list of critical minerals.
Why does that matter? It underscores silver’s essential role in the economy, especially with risks from disrupted supply chains.
We’re talking potential tariffs or other protections down the line, which could tighten supplies even more and push prices higher.
And don’t forget the industrial side—silver’s used in everything from electronics to renewable energy tech.
As the world goes green, demand isn’t slowing down anytime soon.
Geopolitics and economics are throwing gas on the fire too.
With global stocks dwindling, any hiccup in mining or trade could send prices soaring further.
It’s like the perfect storm for a bullish outlook.
The Economic Backdrop: Rate Cuts and a Weaker Dollar Spell Good News for Silver
Now, let’s zoom out to the bigger picture. The Federal Reserve is eyeing an interest rate cut—there’s an 87% chance of a quarter-point drop to between 3.5% and 3.75%, according to the CME FedWatch tool.
Lower rates are like rocket fuel for precious metals because they make holding non-yielding assets like silver more attractive.
Plus, the U.S. dollar index has tumbled 8.5% year-to-date, including a 0.5% dip this month alone.
A weaker dollar? That historically correlates with higher prices for commodities priced in bucks, silver included.
Think about it: When rates fall and the dollar softens, investors flock to safe havens and industrial metals.
Silver checks both boxes. It’s not just a hedge against inflation or uncertainty—it’s got real-world uses that gold doesn’t match.
That’s why it’s outperforming right now, and why the momentum might keep building.
But Is It Too Late to Buy Silver? Why the Bull Case Is Still Strong

Okay, so prices are at all-time highs. Does that mean the party’s over?
Not necessarily.
History shows that commodities in supply crunches can run hot for a while.
Remember, silver’s year-to-date gains are already double gold’s, but with industrial demand ramping up and supplies tightening, there’s room for more.
The critical mineral designation could lead to policy support that bolsters prices, and if that Fed cut happens, we could see another leg up.
Sure, markets can be volatile, and nothing’s guaranteed.
But if you’re bullish on green tech, EVs, and a shifting global economy, silver looks like it’s got legs.
Investors who sat on the sidelines during gold’s run-up might regret it—don’t make the same mistake here.
The supply issues aren’t resolving overnight, and demand drivers like solar and electronics are only growing.
Time to Consider Silver in Your Portfolio?
Look, at the end of the day, silver’s record-breaking run isn’t just noise—it’s backed by real shortages, booming demand, and favorable macro trends.
If you’ve been asking yourself if it’s too late to buy silver, the evidence suggests we’re still in the early innings of this particular bull market.
Do your homework but keep an eye on this one.
Who knows? That $60 milestone might look like a bargain in a few months.
Also Read: Short Sellers Are Now Throwing One Another Under the Bus
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