Silver Soars Past $75 as Precious Metals Rally Intensifies

Kenya, 27 December 2025 - Silver prices exploded past the $75 per ounce mark for the first time in history on Friday, extending one of the most dramatic precious metals rallies in recent memory as gold, platinum and palladium also surged toward or above record highs.

The move reflects a potent mix of safe-haven demand, industrial needs and expectations of U.S. interest rate cuts, and has drawn broad attention from global investors.

Spot silver reached an intraday peak of $75.14 per ounce, marking a year-to-date gain of more than 150 per cent, far outpacing gold’s roughly 70 per cent increase in 2025.

Platinum prices climbed above $2,400, while palladium continued its uptrend, underscoring strength across the precious metals complex.

Markets have attributed this extraordinary run to several forces.

Expectations that the U.S. Federal Reserve will cut interest rates next year have weakened yields on traditional fixed-income assets, boosting the appeal of non-yielding stores of value such as silver and gold.

A softer U.S. dollar has also made dollar-priced metals more attractive to buyers priced in other currencies, while geopolitical tensions and persistent economic uncertainty have bolstered safe-haven flows.

In India and other major physical markets, silver and gold prices have continued to climb, reflecting robust local demand for bullion for both investment and traditional uses, even as elevated prices temper consumer buying.

On commodity exchanges, silver’s rally has boosted associated assets, with companies linked to metal production seeing rising share prices.

How Silver Is Being Traded

As silver’s price trajectory hits new highs, investors are engaging with the market in multiple ways:

Over-the-Counter (OTC) Markets:  The largest segment of physical silver trading takes place in OTC markets such as London, where bullion is exchanged directly between major financial institutions and refiners without a central exchange. Bullion stored in vaults underpins much of this activity.

Futures Contracts: Silver futures on exchanges such as COMEX in New York and the Shanghai Futures Exchange allow traders to speculate on price moves or hedge exposure without holding physical metal. Futures markets play a key role in price discovery and liquidity.

ETFs and Investment Vehicles: Products like the iShares Silver Trust make it possible for retail and institutional investors to gain exposure to silver without taking physical delivery. ETF flows can influence market sentiment and price trends.