Silver heads for best year in over seven decades

December 29, 2025 (MLN):  Silver surged to unprecedented levels, vaulting past $80 an ounce, as a frenetic rally driven by speculative demand collided with ongoing supply constraints.

Prices swung sharply during Monday’s session, plunging below the prior close after the initial spike before stabilizing later in the day, according to Bloomberg.

Spot silver was up 0.13%% at $79.26 an ounce as of [10:15 am] PST, according to data reported by Mettis Global.

The rally has been reinforced by a softer US dollar and escalating geopolitical uncertainty, factors that have fueled strong investor interest across the precious metals complex.

Gold and platinum have also climbed to record highs during the broader upswing.

Market excitement intensified over the weekend after Tesla chief executive Elon Musk weighed in on concerns about China’s export policies, remarking on X that silver plays a critical role in numerous industrial applications.

His comment added to already elevated investor enthusiasm, despite noting that China’s latest measures do not represent a meaningful policy shift.

Beijing’s export rules, announced by the Ministry of Commerce in late October, largely extend existing restrictions.

While China is one of the world’s largest silver producers  mainly as a byproduct of base-metal mining it is also the biggest global consumer, meaning exports account for a relatively small share of its output.

Silver’s rapid ascent up more than 40% this month alone puts it on track for its strongest annual gain since records began in the early 1950s.

The move caps a powerful year for precious metals, supported by aggressive central-bank buying, steady inflows into exchange-traded funds, and a series of interest-rate cuts by the US Federal Reserve.

Lower interest rates have boosted the appeal of non-yielding assets like silver, and traders are increasingly positioning for additional monetary easing in 2026, extending momentum into the year ahead.

Copyright Mettis Link News