Silver prices have soared to their highest level in decades following renewed trade tensions between the United States and China.
Gold and Silver’s Record Run: What It Means for Investors in 2025
Spot silver climbed as much as 2.7% to surpass $51 an ounce, exceeding last week’s intraday high and bringing it within striking distance of its record peak of $52.50 set in 1980.
The broader precious metals rally has accelerated this year amid mounting geopolitical uncertainty. Gold also reached new milestones, breaking through the $4,000-an-ounce barrier for the first time last week. On Monday, bullion rose a further 1.1% to trade at $4,060.01 an ounce.
“Kyle Rodda, an analyst at Capital.com, commented: ‘Just when geopolitical and trade risks were diminishing tailwinds for gold, we’ve got this flare-up in US-China tensions.’”
