Silver breaks above $35 in a historic rally, gaining nearly 9% this week as supply shortages, industrial demand, and safe-haven buying fuel momentum toward a potential $50 breakout.
Silver surged past the $35 per ounce barrier today, marking a historic milestone as investor momentum propels the precious metal into a confirmed breakout rally.
Prices jumped by 3.67% in the last 24 hours, closing at $35.78, following a 5% gain just days ago. The move underscores a sharp shift in market sentiment as investors increasingly seek alternatives to traditional assets amid growing economic uncertainty.
Charting the Surge
- Today’s Close: $35.78
- Daily Gain: +$1.27 (+3.67%)
- Previous Rally: +5% gain earlier this week
- Gold Also Rising: Gold prices climbed to $3,395.39, up $20.48 (+0.61%)
The dual rise in gold and silver has intensified talk of a broader commodities supercycle, with silver seen as both a store of value and an industrial metal tied to green energy, electronics, and solar demand.
What’s Fueling the Rally?
- Inflation Hedging: Investors continue rotating into hard assets as central banks send mixed signals about interest rate stability.
- Industrial Demand: Renewed global demand for silver in solar panels, EVs, and electronics is putting real pressure on supply chains.
- Supply Constraints: Mining output remains under pressure, with several major producers reporting reduced forward guidance for 2025.
Looking Ahead
Analysts are now eyeing $38–$40 as the next potential resistance zone, with some bullish forecasts calling for silver to reach $50 if momentum continues.
Meanwhile, gold’s slow but steady rise reinforces the precious metals theme for mid-2025. As volatility brews in global markets, silver’s explosive move could be just the beginning of a broader metals-led bull run.
