Silver’s Torrid Rally Has Americans in Frenzy to Buy, Sell Coins

The last time silver was this hot, Reddit posters piled in to drive prices even higher, creating a frenzy that overwhelmed dealers. The metal’s current rally has set off a similar dynamic.

Over the past year, the price of the white metal has tripled, with a nearly 30% jump just this month as investors turn to hard assets amid ongoing geopolitical risks, supply tightness and renewed uncertainty surrounding the independence of the Federal Reserve. Spot silver pulled back from a record high on Thursday as investors booked profits from the rapid price advance and as the US refrained from imposing import tariffs on critical minerals.