Silver prices have surged to an all-time high of $89.05 per ounce, marking a more than 4% increase on Tuesday morning. The current price reflects a year-to-date gain of 12%, outpacing gold amid ongoing geopolitical and economic uncertainties.
This rise follows a historic performance in 2025, where silver gained 140%, driven by strong inflows into precious metals and a persistent market deficit. Analysts expect momentum to continue into 2026, with forecasts from HSBC predicting prices between $58-$88 per ounce, while some experts believe a three-digit peak is possible due to increasing retail interest and macroeconomic factors.
The metal’s appeal, bolstered by its inclusion on the US critical minerals list, highlights a growing trend of diversifying investments amid global instability. ANZ analysts suggest that if current conditions persist, prices could soon approach $90 per ounce.
