Silver had a historic run late last week in what has been a record year for precious metals, rising nearly 10% on Friday alone and smashing through record prices by surpassing the $78 mark for the first time ever.

The price of silver has more than doubled in 2025 -- rising from about $30 a troy ounce to an all-time closing-day record of $77 on Dec. 26 and an all-time high above $80 in intraday trading. But Dec. 29 saw a sell-off of the white metal, with the price falling as much as 10% in Monday trading.

Silver prices have more than doubled in 2025, outpacing this year's surge in gold prices, as investors seek safe haven investments.

Silver prices rose as high as $84 an ounce as talk of an arbitrage play on China's pure-play silver fund gained traction on social media.

Silver and gold futures are falling sharply after the Chicago Mercantile Exchange, one of the world’s largest trading floors for commodities, required traders to put up more cash to invest in precious

Silver is a precious metal just like gold, except it's far more abundant. Silver is very useful in industrial settings, with electronics manufacturers soaking up almost half of all available supply each year.

Some exchanges moved to rein in risk amid heightened volatility, with the margins for certain Comex silver futures contracts raised from Monday. When an exchange boosts margin requirements, traders have to put up more cash to keep their positions open. Some speculators don’t have the extra money, so they’re forced to shrink or close their trades.

Silver surged past $75 an ounce for the first time on Friday, propelled by strong industrial and investment demand, persistent supply shortfalls, its recent designation as a U.S. critical mineral, and a wave of momentum-driven buying.

Silver Price Today briefly overtook NVIDIA's $4.68T market cap and all of crypto. Elon Musk's warning on China export restrictions sparked the historic buying frenzy.

Should it be gold, which has just seen its strongest year since 1979? Or silver, which has surged over 150%, marking one of its best-ever annual performances?