Silver Prices Hit Record $64/Ounce High

Silver prices reached a new all-time high this week, surpassing $64 per troy ounce on Thursday, December 11, 2025, amid surging industrial demand and expectations of further U.S. Federal Reserve interest rate cuts. The precious metal has more than doubled in value over the past year, climbing from around $29 per ounce in December 2024 to its current level, reflecting a 121 percent increase so far this year.

The rally accelerated in recent months, with silver first breaking records in October when it topped $50 per ounce. By early December, prices pushed past $60 following a five percent gain on Tuesday, December 9, before settling at $62 per ounce on Thursday, up slightly from $61.78 the previous day. This marks a significant departure from its performance between 2022 and 2024, when prices fluctuated mostly between $50 and $54 per ounce.

Several factors have driven the surge. The Federal Reserve's recent 25 basis point rate cut in December, along with anticipation of additional easing, has bolstered silver's appeal as a non-yielding asset that tends to rise with lower interest rates. A weakening U.S. dollar has also supported prices, as silver is priced in dollars. Geopolitical...