Spot silver jumped almost four percent on Thursday and briefly traded above $36 an ounce before it settled back down around $35.80. Gold a has also done well this week, but it has been outpaced by silver.
Silver hit $50 in 1980 and came close to that record in 2011. If adjusted for inflation, that implies it still has room to run. Just keep in mind that both peaks were short lived and she shiny metal quickly crashed back down to earth. Silver could continue its surge and hit $40 an ounce or it could drop back to $32. Anyone who tells you they know what will happen is lying.
Whether you blame tariffs, the possibility of the war in Ukraine escalating, the chance of war in Iran, or problems with Trump’s so-called Big Beautiful Bill, rising precious metal prices tend to show a rush to the safety of an investment without a counter-party risk.
Since many preppers keep a few rolls of junk silver coins on hand, they can enjoy this current price increase.
Published 6/5/2025. Read full article.
