Silver Surges Above $75, Reshaping Global Trading Landscape

Silver prices have surged past $75 an ounce for the first time, driven by accelerating industrial and technological demand and rising investor appetite amid a widening global supply-demand gap.

The rally followed the metal’s classification as a strategic critical mineral in the United States, triggering heavy buying and boosting speculative activity, cementing silver prices as among the best-performing assets in 2025.

Spot prices have climbed more than 150% since the start of the year, outperforming gold, which also recorded gains above 70%.

Global trading channels

London remains the largest over-the-counter market for physical silver, with transactions conducted bilaterally between financial institutions using bullion stored in major bank vaults, making silver prices there a key pricing benchmark.

Silver is also actively traded via futures contracts on exchanges such as COMEX in New York and the Shanghai Futures Exchange, allowing investors to speculate on silver prices without physical delivery.

This dynamic trading environment highlights the metal’s growing role as both an industrial input and a financial hedge.