{"id":128113,"title":"Silver surged to a record high of $53.60 per ounce on Tuesday","publisher":"Share Talk","author":"sharetalk","published":"2025-10-14T10:07:45+00:00","modified":"2026-06-21T23:42:13+00:00","canonical_url":"https://www.share-talk.com/silver-surged-to-a-record-high-of-53-60-per-ounce-on-tuesday/","markdown_url":"https://www.share-talk.com/silver-surged-to-a-record-high-of-53-60-per-ounce-on-tuesday.md","json_url":"https://www.share-talk.com/silver-surged-to-a-record-high-of-53-60-per-ounce-on-tuesday.json","category":"Blogs","categories":["Blogs","Mining"],"tags":["AIM","Alien Metals","ASX","Blue Moon","canada","Creswick","drill targets","ECR","ECR Minerals","Elizabeth Hill","ETFs","FCM","First Class Metals","FMET","Fulcrum Metals","GGP","Gold","Greatland","Greatland Resources","Havieron","mining stocks","Newmont","North Hemlo","Ontario","Schreiber-Hemlo","silver","Small Cap","Sunbeam","Telfer","UFO","Western Australia","Wishbone Gold","WSBN"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/silver-14-oct-25-scaled.webp?fit=1200%2C768&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Silver Soars to Record $53 as London Squeeze Echoes 1980 Hunt Brothers Mania**\n\n[Silver surged](https://www.share-talk.com/silver-surges-to-highest-level-in-decades-amid-escalating-us-china-trade-tensions/) to a **record high above $53 an ounce** on Tuesday as a powerful short squeeze sent traders scrambling for physical supply in London, reviving memories of the **Hunt brothers’ 1980 cornering of the market**.\n\nThe rally has forced investors who bet on falling prices to **buy back metal to limit losses**, driving prices even higher. The **London Bullion Market Association (LBMA)** said it was “aware of tightness in the silver market and is actively monitoring the situation.”\n\n[!\\[\\](https://www.share-talk.com/wp-content/uploads/2025/10/AU_AG_2-300x169.webp)](https://www.share-talk.com/gold-and-silvers-record-run-what-it-means-for-investors-in-2025/)\n\n[Gold and Silver’s Record Run: What It Means for Investors in 2025](https://www.share-talk.com/gold-and-silvers-record-run-what-it-means-for-investors-in-2025/)\n\nA **severe supply shortage in the UK** has led some traders to **rent silver at interest rates approaching 35%**, while others have begun **flying metal from New York to London** to cover positions. **Goldman Sachs** data show borrowing costs have soared from around 5% earlier this month.\n\nSilver has now **risen more than 75% so far in 2025**, far outpacing gold’s 55% climb, as investors flock to safe-haven assets amid **US-China trade tensions**, fears of a **stock market bubble**, and expectations of **US interest rate cuts**.\n\n**Ole Hansen** of **Saxo Bank** said: “A liquidity squeeze, which we expect to be temporary, amplified the recent silver rally.” London’s inventories have fallen to **22,000 tonnes**, down from more than **35,000 in 2022**.\n\nThe chaos echoes the **Hunt brothers’ attempt to corner the market** in the late 1970s, when speculative buying pushed silver to $50 before collapsing on “**Silver Thursday**” after trading limits were imposed.\n\n**Adrian Ash**, of **BullionVault**, warned: “With the volatility of price action we’re seeing, we’ve got to expect some kind of correction sooner rather than later. We’re advising clients to tread carefully.”"}