Since October 2023, its spot price has increased by 163% to a record $54.38 per ounce, but then decreased by 5.6%. Silver has risen by 431% since October 2008, outpacing gold, which has only increased by 168%.

After Donald Trump's return, silver prices began to rise faster, which heightened expectations for a monetary policy easing and increased risks for American assets. Central banks and investors began actively acquiring gold ETFs and physical bars, leading to an increase in the value of gold.