Silver Hits Record High
Silver prices have increased by more than 130% this year, reaching a record high of $69 per ounce lately. The spike is being driven by strong demand for solar panels, electric vehicles, and technology like artificial intelligence, as well as safe-haven purchases amid tensions across the world.
MARKET NEWS
12/22/20251 min read
On December 22, 2025, silver prices reached a new high of $69.45 per troy ounce, shattering previous records and representing a 133% increase from the previous year. Driven by unrelenting industrial demand exceeding supply for the fifth consecutive year, the white metal increased 3% in a single day to $69.15.
Key Drivers Behind the Surge
Demand for solar panels, electric cars, 5G technology, and AI components has skyrocketed due to industrial uses, but base metal mining output has stagnated. Strong ETF inflows, geopolitical uncertainties encouraging safe-haven purchases, and expectations of U.S. Federal Reserve rate reduction have all contributed to the surge, with silver outpacing gold by doubling in value over the past year.
Recent Milestones and Market Action
Due to short squeezes on CME and FOMO purchasing, silver first broke $60 in early December, reached $66.52 globally by mid-month, and surpassed ₹2.06 lakh per kg on India's MCX. Despite brief retreats from profit-taking, pricing in Delhi surpassed ₹2.05 lakh per kg, indicating the worldwide trend.
Outlook and Risks
Analysts warn of volatility from economic slowdowns or aggressive policy adjustments, but they see potential for $75 if deficits continue and de-dollarisation increases from countries like China and India. Silver is positioned as a crucial commodity play due to record-high retail physical demand, which increases upward pressure.