Overview

• Spot silver jumped about 3.12% to $50.4142 on Oct. 9, breaching $50 for the first time in more than three decades.
• The surge followed gold’s record above $4,000, drawing investors into alternative stores of value as the dollar weakened.
• Analysts highlight a persistent market deficit and rising industrial use, including semiconductors, AI data centers, 5G equipment and electric vehicles.
• Market anxiety tied to U.S. politics under President Trump, tensions around the Federal Reserve, budget gridlock, and wars in the Middle East and Ukraine has boosted interest in tangible assets such as silver, gold and bitcoin.
• Some forecasts point to further gains, with a Swiss bank projecting $55 an ounce in 2026, though elevated volatility keeps the outlook uncertain.