On Friday, the spot price for silver closed at $38.44, according to Kitco, its highest closing price in 14 years and about $2 more than it was when we last posted about its record price on June 5. Bitcoin topped $117,500, an all-time record, after rising about 16 percent in the past three weeks. Meanwhile, gold was close to its record high with a spot price of $3356.88.
Why are these assets seeing such growth? Likely for one or more of the following reasons:
- Worry about tariffs
- The U.S. dollar is growing weaker
- Concern about the war in Ukraine and unrest in the Middle East
- Because the national debt is more than $37 trillion
- Worry about the stability of the U.S. economy and/or monetary system
If you own any “junk silver” coins, then the melt value of a U.S. dime minted before 1965 is $2.78 and a quarter contains $6.96 worth of silver. Silver is now worth about 28 times what it was when those coins were minted, a reminder of the inflation we’ve experienced over the past 60 years.
Published 7/11/25. Read full article.
