Silver Price Soars To Record Level

Silver has soared to record levels at week's end. How much higher it may go is anyone's guess.

Right now, it is around $57/toz at Comex.

According to Mining.com:

Silver soared to an all-time high on Friday following an outage on the Comex due to what the exchange operator CME calls a “cooling system failure”.

Spot prices rose 4% to a new record of $55.66 per oz., surpassing its peak set last month during a historic squeeze in the London market. Three-month futures also jumped 5%, trading within a similar range. 

 To read more, go here.

Silver Sets New Record At $53/toz.

Above, a 1923 Peace Silver Dollar. Photo by Armand Vaquer.

Silver and gold hit new highs in trading on Wednesday.

According to BullionVault:

GOLD JUMPED and silver prices leapt on Wednesday, slashing the 'safe haven' precious metal's value relative to its more industrially-useful cousin to the lowest in a month as the Federal Reserve signalled it's about to re-start buying bonds to ensure "ample" liquidity while global stock markets rose ahead of US politicians voting to end the record-long shutdown of US government services.

US stock markets opened higher and European bourses hit new all-time records as gold priced in Dollars rallied from $4100 per Troy ounce to hit a new 3-week high at $4180 − a fresh record gold high only a month ago − after New York Fed chief John Williams said it will soon be time "to begin the process of gradual purchases of assets [to] maintain an ample level of reserves" to meet commercial bank demand for liquidity.

With Trump appointee (and White House economist) Stephen Miran also due to speak Wednesday, 'neutral' Fed member Raphael Bostic meantime announced that he will stand down from the Atlanta Federal Reserve at the end of his current term in February, opening another monetary policy spot to nominations from the Trump White House.

Silver had already shot higher, rising above $52 per Troy ounce − also a new all-time high when first reached this time last month − before breaking $53 to trade 9.8% above last weekend's level.

To read more, go here. 

Will Silver Go To $100?

Silver is now over $52/toz at COMEX. 

Here's the current price:

 

Will it go to $100?

Why Silver Has Been Surging More Than Gold

Silver is now over $51 per troy ounce at COMEX.

This may be a new spot price record for the precious metal.

Why is this happening? MSN posted an article on the reasons why silver has become a hot item.

Then begin with:

(Bloomberg) -- Gold has staged a dramatic rally this year as Russia’s war in Ukraine and the US Trump administration’s unorthodox economic policies sent investors and central banks reaching for safe-haven assets. Right now, however, it’s silver that’s stealing the spotlight. 

A squeeze in supply of the precious metal has catapulted it to a 70% gain on the London market this year, compared with a 55% increase for gold as of mid-October. Both have been experiencing a surge in demand from investors, who value their price stability through periods of political turbulence, inflation and currency weakness.  

Unlike gold, silver isn’t just scarce and beautiful: It also has useful real-world properties that make it a valuable component in a range of products. With inventories at their lowest in years and investors still scrambling for more, there’s a risk of supply shortages that could impact multiple industries. 

To read more, go here.

Silver Over $50/toz.

Silver is now over $50/toz. in COMEX spot price. Where it goes from here is anyone's guess.

It did briefly go over $51 yesterday.

According to Kitco:

(Kitco News) - Gold and silver prices are sharply higher in early U.S. trading Monday, with gold hitting another record high and silver very near its record high set in 1980. Safe-haven demand as the U.S. government remains shut down and a short squeeze in silver are keeping bulls confident and bears unwilling to step in front of a steaming locomotive. The recent bigger daily price moves in gold and silver markets suggest volatility will remain high in the near term. December gold was last up $95.20 at $4,095.80. December silver prices were up $2.398 at $49.63.

Spot silver prices overnight hit the highest level in decades as a historic short squeeze in London intensified, “with a fresh surge in prices adding urgency to a worldwide hunt for bullion that could alleviate the mismatch between demand and supply,” reported Bloomberg. Spot silver climbed as much as 3.1% to near $52.00 an ounce, exceeding last week’s peak, while spot gold surpassed $4,070.00 an ounce to a record high. 

To read more, go here. 

Silver Over $48/toz.

Gold's spot price is now over $4,000/toz. But that's not the big news.

Silver is closing in on $50/toz. spot price. 

Here's the current spot price for silver at COMEX:

Silver: XAG/USD Trades Firmly Above $47

Above, an 1883-O Morgan dollar. Photo by Armand Vaquer.

Silver is going gangbusters this week. It is nearing the fifty-dollar mark in spot price. 

It is currently at $47.505/toz at COMEX.

According to FXStreet:

Silver price (XAG/USD) holds onto gains near the all-time high around $47.80 during the Asian trading session on Thursday. The white metal posted a fresh all-time high on Wednesday as funding to the United States (US) government stopped after the short-term funding bill failed to achieve a majority in the House of Senate on Tuesday.

The US government shutdown has increased the appeal of safe-haven assets, such as Silver.

US Vice President (VP) JD Vance has warned that the White House would need to resort to lay-offs if the shutdown remains for more than a few days, Reuters reported.

To read more, go here. 

Silver Hovering At $47/toz

It looks like silver's spot price is nearing the $50/toz mark.

Right now, it is hovering around $46-47.00. 

Even With The Recent Price Surge, Silver Still Appears Cheap

Currently, silver's COMEX spot price is just over $41.00/toz. This is great for those of us who invested in the metal during recent years when it was in the $20s.

Here's the current COMEX spot price:

For those who are curious about silver investing, an article by Mike Maharrey in Seeking Alpha is an interesting read.

It begins with:

Silver is up an impressive 39.7 percent so far this year, hitting the highest level since 2011. It has broken through the significant $40 per ounce resistance and appears to be on track for a new record high over $50.

Yet, even with this bullish action, silver is still underpriced compared to gold.

As of the morning of September 9, the gold-silver ratio was still over 88-1. This indicates that silver remains a bargain compared to gold.

To read more, go here. 

Silver Is A Better Investment Than Gold (Video)

 A video from TheStreet:

Silver Over $41

The current spot price for silver is over $41.00/toz.

That's good news for those of us who have invested in silver over the past few years when it was still in the $20 range.

Where it goes from here is anyone's guess. It could go higher and it could go lower. Only time will tell.

 

Silver Over $39

Silver has risen to over $39/toz.

As it now stands, silver's spot price is at $39.270/toz at Comex.

 Can we expect it to go over $40.00? 

Silver Surges To 14-Year High

Above, a 2023 American Silver Eagle coin. Photo by Armand Vaquer.

The spot price of silver has reached a 14-year high in trading yesterday.

The rise in price is driven by industrial demand and other factors.

According to PRWeb:

LOS ANGELES, Aug. 18, 2025 /PRNewswire-PRWeb/ -- Silver prices have surged to their highest levels since 2012, nearly approaching the $40 per ounce mark. This remarkable rally highlights silver's growing importance as both an industrial resource and a store of value amid ongoing global economic uncertainties.

Experts say the key drivers of silver's momentum include:

Robust Industrial Demand: Nearly 60% of global silver demand now comes from industrial applications. Beyond traditional uses in electronics and manufacturing, silver is vital to rapidly growing industries, including renewable energy—especially photovoltaic (PV) solar panels—artificial intelligence (AI) components, and defense technologies.

Tight Supply: The boom in these industries has outpaced global silver production, creating a supply crunch that is driving prices higher. According to The Silver Institute, annual demand for silver rose from 993.3 million ounces in 2016 to 1.16 billion in 2024, while supply decreased from 1.06 billion ounces to 1.02 billion over the same period.

Market Headwinds: Heightened geopolitical tensions, trade uncertainties, and ongoing inflation concerns have added a safe-haven premium to precious metals, boosting silver prices alongside gold.

To read more, go here. 

Silver Over $38/toz.

The spot price for silver at COMEX is around $38.00/toz. The spot price for gold is currently at $3,449.70.

For the average person, investing in silver vs. gold is a lot more affordable even at today's silver spot price.

Recently, I took a vacation trip to South Dakota and explored around the Black Hills. I had been there before, in 1990. With that in mind, I was looking forward to seeing if there were any bargains on Black Hills gold. Well, as it happened, in the shops in Deadwood, I only found one that was selling Black Hills gold jewelry. I didn't see any bargains there, needless to say.

Above, Deadwood, South Dakota. I only found one shop selling Black Hills gold there. Photo by Armand Vaquer.

Back in 1990, quite a number of shops in Deadwood were selling Black Hills gold jewelry. They could afford to do so since gold in 1990 was around $386.20/toz. (Source: OnlyGold.com). At today's prices, gold is too expensive for the average mom & pop shop owner to afford. 

Where both gold and silver goes from here is anyone's guess.

Silver Reaches 13-Year High

Above, a 1928 Peace dollar. Photo by Armand Vaquer.

According to Gainesville Coins, gold and silver spot prices have surged.

Silver has reached a 13-year high.

Gainesville Coins reported:

Gold is trading at $3,370.50 (bid) / $3,372.50 (ask) as of July 14, showing a daily gain of $15.62 (+0.47%). The metal has established a trading range of $3,352-$3,375 for the day, maintaining support well above the psychological $3,300 level. Silver demonstrates even stronger momentum at $38.99 (bid) / $39.11 (ask), surging $0.67 (+1.74%) to reach levels not seen since 2012.

To read more, go here. 

Why Silver’s Strong June Could Lead To A Great July

Above, a 64 pound bar of silver at the Key West Shipwreck Museum. Photo by Armand Vaquer.

Silver had a great month of June.

The question is, Will it do the same (or better) in July?

It is hard to say, but Barron's takes a look at silver's June performance and what it may mean for this month.

They begin with:

Silver shined in June, returning almost 10% and beating out the returns delivered by the stock and bond markets in Japan, Europe, and the U.S. The momentum could continue as July tends to brings favorable returns for the precious metal.

What’s behind silver’s gain isn’t all that easy to pinpoint. Gold’s monstrous 43% climb over the past year could mean that it has incorporated all the good news, prompting traders to look at other stores of value and safer assets, like silver. Silver could also be benefiting from new applications in solar panels and its essential role in the semiconductor industry as artificial intelligence booms.

To read more, go here. 

Selling Your Silver: DEALERS DON'T WANT IT??

Here's a video that coin collectors, or stackers, should view. 

Here's the video's description:

In this video my bullion dealer Silver Dave of Local Silver Mint shocks me with his claim that more and more local coin shops do NOT want to buy back stackers' gold and silver.  Why did TWO coin shops close to Silver Dave refuse silver sellers when they tried to sell their bullion?  What will happen when the spot price of silver rises dramatically?  What happens when dealers close their doors and won't buy back silver and gold?  Watch as Silver Dave and one of his more vocal customers shares their thoughts on what's coming with stacking silver and gold and the best exit strategy to have with one's bullion.  Are YOU concerned about selling your silver back to a bullion dealer?  Join Silver Dave and I as we dive DEEP on his shocking warning and what to do about it!  Never before has stacking precious metals been as important to do as it is today.  Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency.  Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

Be sure to read viewers' comments!

Coins: What Do You Think Is The Biggest Challenge Facing New Collectors Today?

Above, the 2023 National Money Show in Phoenix. Photo by Armand Vaquer.

Since silver has risen to $36/toz over the past several weeks, my buying of silver coins have tapered off. It appears that I am not the only one doing so.

I have a sizable enough collection thanks to my buying over the past few years. New collectors seem to be not so lucky.

Numismatic News posted a poll question on June 20:

Poll Question: What do you think is the biggest challenge facing new collectors today?

From the June 20, 2025, Numismatic News e-Newsletter, readers shared their thoughts on the biggest challenges new collectors face today.

To read what the responses were, go here. 

Silver Follows Gold's All-Time Highs

Above, a 1928 Peace silver dollar. Photo by Armand Vaquer.

As this blog post is being written, silver's spot price is at $36.255/toz according to COMEX.

But, as a new article by Numismatic News states, it did reach $37. Will silver hit $50?

Numismatic News begins with:

Up, up, and away is not really an appropriate description for the bullion coin market, but due to significant appreciation in not only the spot price of gold but also silver, the dynamics of much of the market are positive. Gold has been on a tear for some time, the spot price reaching new all-time records and then backing off only modestly.

This has kept the price of Gold American Eagles, gold commemoratives, and common-date and common-condition pre-1933 circulation strike gold coins at levels not previously seen. Dealers report this to be an excellent buying opportunity for them, but retail sales have not kept pace, as many institutional buyers and individuals who normally buy on a regular level are challenged to continue at these price levels.

Silver did not perform as well until recently.

Now Kitco’s Jim Wyckoff’s recent comment that “silver appears to be a value buying opportunity” appears to be prophetic. As this market commentary is being written, silver is above the $37 an ounce level and appears to be ready to challenge the $40 resistance level soon. The record price of $50.36 set in January 1980 is still a far reach, or is it?

To read more, go here. 

Silver Price Hits $50 In Canada

Above, silver 2022 Canadian Maple Leaf coins. Photo by Armand Vaquer.

Silver has touched on $50/toz. But this is in Canada. Is the U.S. next?

Inside Halton posted that the metal price may be what people need to begin selling.

They begin with:

If you have old coins or junky silver jewelry hanging around the house, now might be a good time to sell.

While it hasn’t garnered the same attention as gold, silver prices have also skyrocketed recently, briefly touching the $50-per-ounce mark in Canadian dollars earlier this week, according to silverprice.org.

The silver price has more than doubled over the past five years. 

According to David Erfle, founder and editor of Juniorminerjunky.com, silver could be set for a breakout. While sellers may wish to cash in now, the white metal could still have some additional upside for anyone waiting for a further bull run.

To read more, go here.