Silver investors have had to shell out more than twice as much for the precious metal since the beginning of the year. That’s what lies behind it.
December 17, 2025, 12:15 p.mDecember 17, 2025, 12:17 p.m
The price of silver rose to a record high on Wednesday. “Silver is currently shooting the bird” – that was one comment on the recent price development of gold’s “little brother”. The precious metal has performed strongly this year and has performed brilliantly in the past three weeks.
Silver was available at around $30 per troy ounce at the beginning of the year. Investors with over $65 now have to put more than twice as much on the table. In the last three weeks alone, the price of silver has jumped by around 30 percent, and on Wednesday there were further gains of 3 percent.
“It is a strategic raw material”
“The price development shows how tense the interaction between industrial demand, scarce supply and speculative capital now is,” said capital market strategist Jürgen Molnar from Robomarkets. Silver has long been more than just a precious metal – “it is a strategic raw material.”
And Unicredit was also positively surprised by the strong catch-up. With the strong price increase, silver has even outperformed gold and platinum in the current year. And the general supply-demand imbalance is likely to continue to play into the silver price’s hands in the medium term. In the short term, however, the experts assess the price jump as a speculative overreaction, meaning that a setback is also possible in the near future. (sda/awp)