Silver Soars Past $50 to Record Highs in 2025 Rally – What’s Next for the “Poor Man’s Gold”?
Key Facts – October 18, 2025 Silver Price Hits New Highs, Then Pulls Back Silver’s ascent in 2025 reached a climax this week, as the metal briefly surged above $50 an ounce for the first time in decades. On Thursday, October 16, spot silver shattered its 2011 peak, spiking to about $54.5/oz intraday – an all-time nominal high for the metal mining.com. This milestone came amid a furious multi-week rally in precious metals, with silver up over 70% year-to-date and dramatically outperforming gold’s gains reuters.com. By Friday the 17th, however, the market saw a swift reversal. Silver tumbled roughly 6%