Silver's soaring! On October 13, 2025, the price of silver skyrocketed to an unprecedented high, exceeding $52.50 per ounce. This surge marks a significant moment in the precious metals market. The rally, fueled by a rush towards safe-haven assets, gained further momentum from a historic short squeeze in London. Spot prices even reached as high as $52.5868 an ounce in London.
This remarkable increase pushed silver past its previous peak, which was set back in January 1980. That earlier high was associated with a now-defunct contract managed by the Chicago Board of Trade, and it occurred during the infamous period when the Hunt brothers made an attempt to corner the market.
And this is the part most people miss... Gold also hit a new record, extending its winning streak to eight consecutive weeks.
What do you think about this? Do you believe the demand for safe-haven assets will continue to drive prices up? Share your thoughts in the comments!
