Silver opened the day with momentum, climbing to $69.15 USD/t.oz by midday, a 3.00% increase from yesterday's close.[1] This follows a previous session where prices hovered around $67.49, with intraday highs pushing toward $69.53.[3] The rally extends a broader uptrend, with silver up 34.58% over the past month alone.[1]

Compared to recent history, today's price eclipses the 10-year high of $69.22 while dwarfing lows near $12.[5] Factors like post-Fed easing and softer inflation have bolstered precious metals, with silver outperforming gold in relative gains.[4] Traders note elevated demand across spot and futures markets.[1][3]

Live charts from major dealers confirm the spot price consistency around $69 per ounce, with minor variations due to time zones and contract types.[4] This real-time data highlights silver's sensitivity to global economic signals.

Yearly Gains and Key Drivers

Year-over-year, silver has exploded 132.98% to $69.15, vastly outpacing traditional assets like the S&P 500.[1][2] A Fortune report notes a nearly 125% surge in the last twelve months, driven by industrial applications.[2] Silver's role in solar energy and electronics accounts for surging consumption, exacerbating supply shortages.

The U.S. inclusion of silver on its critical minerals list has amplified attention, as 95% of retail investors overlook the growing deficit.[2] Physical market tightness is evident, with spot prices reflecting premium pressures on bullion products.[4] Safe-haven flows amid geopolitical tensions further support the climb.

Over the decade, silver's trajectory from $12 lows to $69 highs underscores its volatility and growth potential.[5] Recent records near $69.45 signal a new era, with analysts linking gains to green tech expansion.[1][2]

Future Outlook and Forecasts

Forecasts suggest sustained strength, though with fluctuations; some models predict averages climbing toward $100+ by late 2026.[3] Short-term, December 2025 closes are eyed around $68-70, building on current highs.[3] Industrial demand projections remain bullish amid global electrification pushes.

Risks include potential corrections if economic recovery accelerates, but supply constraints favor upside.[2] Investors should monitor Fed policies and inflation data, as softer backdrops continue favoring precious metals.[4] Long-range views see peaks beyond $115 by 2027 before possible consolidation.[3]