Silver Achieves Price Parity with Oil in Historic Market Shift
Silver has surged to price parity with crude oil for the first time since the 1980s, marking a seismic shift in commodity markets. One ounce of silver now trades at $63.80, surpassing the $57.30 price of a barrel of WTI crude. The WHITE metal has gained 205% since 2022 while oil languishes at pandemic-era lows.
This inversion upends traditional commodity hierarchies, with silver emerging as a preferred store of value during economic uncertainty. The Kobeissi Letter notes oil previously commanded a 5.5x premium over silver, making the current equilibrium particularly striking. Market analysts attribute silver's outperformance to industrial demand and its dual role as both monetary and industrial asset.