Silver’s spot price has jumped more than 3% to above US$52.35 ($80.55) per ounce, marking a new record, as US-China trade concerns grow and expectations of further US rate cuts fuel demand.
According to ABC Bullion, silver’s price sits at around $82.19 per ounce in Australian dollars.
Over the past month, silver’s price has risen 22.93% and is up 68.05% compared to the same time last year.
On 1 July 2025, silver was selling for US$36 ($54.82) per ounce. During Q3 2025, the commodity reached near historical levels when it hit US$44 per ounce – not far off the US$49.51 mark it rose to in April 2011.
As Mining.com.au reported, this price jump has been boosted by expectations of further US Federal Reserve rate cuts, creating a bullish environment for silver.
No longer just gold’s understudy, silver’s role as a precious and industrial commodity has set the stage for one of its stronger performances in over a decade.
And the market is noticing, as Silver North Resources (TSX-V:SNAG) CEO Jason Weber previously told this news service, “the main theme is continued strength in the silver price”.
Images: Fresilo Silver
