Silver’s 2025 Surge Signals Scarcity

Here’s what you likely missed in markets this week. Silver has been tearing through

historical performance — rising more than 160% in 2025 and at times reaching record levels above

eighty dollars an ounce. That outperformance isn’t random. Silver is historically

both a precious metal and an industrial metal, used in solar panels, electronics,

EVs, and even data-center components. In a rare inversion, silver at times

became more valuable than oil on a per-unit basis, even as energy markets struggled under

oversupply and weak demand. What’s fueling silver’s surge are big macro forces: investors

are using it to hedge against currency debasement, central banks are still accumulating