Overview

• Spot silver jumped about 3% to roughly $50.41 an ounce on Thursday, the highest in Bloomberg data back to 1993.
• Gold topped $4,000 per ounce on Wednesday, confirming a broad 2025 upswing across precious metals.
• Analysts cite safe‑haven buying, dollar softness and persistent demand for tangible assets, with some pointing to catch‑up buying in silver.
• Commentators flag a long‑standing silver supply deficit and rising industrial use in semiconductor chips for AI data centers.
• Eroding confidence in U.S. assets, geopolitical tensions and investor FOMO are channeling flows into gold, silver and bitcoin, which recently surpassed $125,000.