Silver Hits Record $71 per Ounce Milestone
Last updated 34 minutes ago
The precious metal surged from $29 at the start of 2025 to $71.11 midday Tuesday, driven by booming industrial demand in solar panels, electric vehicles, and electronics, alongside shrinking global supplies and mine output lags. Gold reached over $4,500 per ounce with a 70% yearly gain, but silver's recent outperformance versus gold marks the widest gap in nearly five years. Country singer John Rich urged people to pay attention to the 132% one-year rise, while economist Peter Schiff warned it signals deeper monetary troubles ahead.
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