Why Silver Price Has Been Surging Even More Than Gold

Gold staged a dramatic rally in 2025 as the US Trump administration’s unorthodox economic policies sent investors and central banks reaching for safe-haven assets. Right now, however, it’s silver that’s stealing the spotlight.

Surging investor demand collided with limited availability to catapult the price of silver above $80 a troy ounce at the end of December, almost triple its value a year earlier and enough to dwarf even gold’s meteoric rise of more than 70%.