Peter Smith
⬤ Silver prices exploded higher throughout 2025, jumping from around $28.90 per ounce in January to approximately $67.20 by mid-December. The year-long climb represented a 133% gain and pushed the metal to levels never seen before.
⬤ For most of the first half of 2025, silver moved steadily upward from the low $30s toward $40, building momentum gradually with few major pullbacks. The pace picked up noticeably after midyear as prices broke through $50 and kept climbing into the final quarter.
⬤ The real fireworks came in the closing months. Silver rocketed from the mid-$40s into the $60-plus range in just weeks, capping off what became a 2.32× increase from the start of the year. That explosive final push set silver apart from its earlier, more measured gains.
⬤ This matters because silver functions as both a precious metal and an industrial commodity. A price surge of this magnitude can ripple across commodity markets and shake up the entire metals sector. With silver closing 2025 at record highs, the rally stands as one of the year's most significant market events and could shape precious metals trading well into the future.
Peter Smith
