Nearly 109%. That's how much spot silver has increased this year, outpacing gold, which has surged 60% while setting several milestones.
Silver prices surged to a record $60 per ounce on Tuesday, propelled by expectations of US interest rate cuts, a weaker dollar, and persistent supply constraints, marking a dramatic rally in the metals market. Silver futures rose above $60.50, extending their year-to-date gain to 107%, while gold has climbed more than 60% this year, trading just over $100 below its October all-time high.
Sprott Silver Miners & Physical Silver ETF offers diversified exposure to both physical silver and silver mining equities. SLVR has outperformed silver futures in 2025, rising 149.7% since inception, benefiting from miners' leveraged upside. Silver's bull market is fueled by a structural supply deficit and robust industrial demand, with prices reaching uncharted territory near $60/oz.
Although you would never know it from reading the headlines, silver has left gold in the dust over the past few years.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Silver ETFs shine as the metal hits fresh highs, fueled by supply strains, industrial demand and expectations of Fed rate cuts.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
They rose more than 5% Monday to trade around $50 a troy ounce, above the longstanding record close of $48.70 set during one of the 20th century's biggest commodity-trading scandals.
On the heels of a fast and furious climb this year, silver is within sight of $50 an ounce — a level investors are eager to celebrate because it's taken the white metal 45 years to get here.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
When gold jumps, silver soars. That's an old concept that could make investors a lot of money when precious metal prices rally.