Silver reaches historic highs
Silver began 2025 at around $28 per ounce but rose steadily through the year as demand from Asia, especially China, grew. On January 12, 2026, it traded above $88 per ounce, setting a new record. Experts say the rise reflects safe-haven buying, industrial demand, and concerns over global economic stability.
Other metals
Other metals also rose but less sharply. Gold reached $4,625 per ounce, gaining small amounts. Platinum rose to $2,409, while copper went up to $6.06. Trading volumes show investors focused mainly on silver. Gold acts as a safe asset, copper reflects industrial demand, and platinum attracts selective buyers.
Supply limits
Half of silver demand comes from industry. It is used in solar panels, electric vehicles, electronics, and medical equipment. Silver production is limited because it is mostly a by-product of other metals like copper and lead. Top producers, i.e., Mexico, China, and Peru, have not increased output much. Analysts estimate a global shortage of over 115 million ounces in 2025.
Reasons behind rise
The previous high for silver was $49.95 per ounce in 1980. That spike was mostly speculative. The 2025–2026 rise is due to real economic factors such as inflation, fiscal deficits, and political uncertainty in US monetary policy. Futures and ETFs also made it easier for investors to buy silver, helping prices move faster.
Analysts' say
Analysts predict silver could reach $90–$100 per ounce in mid-2026 as demand from industry and investors may keep prices high. Risks include a stronger US dollar or slower industrial growth.
