The silver price rose to US$44 ($66.66) per ounce this morning, reaching near historical levels when the precious metals’ price touched the US$49.51 mark in April 2011.
In Australian dollar terms, silver is pushing new highs, sitting at $67.05 per ounce, as reported by ABC Bullion.
Over the past month, the soft and lustrous metal’s price has risen 14.08% and is up 43.43% compared to the same time last year, as reported by Trading Economics.
This price jump has been boosted by expectations of further US Federal Reserve rate cuts, creating a bullish environment for silver.
In 2024, silver’s price saw a 21% intrayear increase and an impressive 59% trough-to-peak rally, while the annual average rose by over a fifth to its highest since 2012, as reported by the Silver Institute.
As Mining.com.au reported, sentiment turned positive towards silver among institutional investors, which The Silver Institute says is a “contrast to 2022-23 when they largely shunned the white metal”.
At the end of August 2025, ABC Bullion reported silver was trading above US$39oz before hitting US$40.19 peak on 30 August, a level not seen for almost 25 years.
Year-to-date, silver (24.6%) is marginally outperforming gold (22.3%) in Australian dollar terms.
Write to Aaliyah Rogan at Mining.com.au
Images: iStock
