Silver Outshines Gold with 71% Surge in 2025, Reaches 45-Year High
Silver futures soared past the 1980 peak of $48.70 on Monday, marking a 45-year high as industrial demand and safe-haven buying fuel a 71% rally year-to-date. Bank of America projects a $65 target by 2026, though warns of near-term pressure from London lease rate dislocations.
"The market is front-running potential tariff disruptions," said Shree Kargutkar of Sprott Asset Management, noting inventory hoarding as warehouses stockpile physical metal. Technological applications now drive 60% of silver demand, with solar panels and EVs accelerating consumption.