Silver hits all-time high of $69.45 per troy ounce on December 22, 2025

Silver reached a new all-time high of $69.45 per troy ounce on December 22, 2025, according to data from Trading Economics, marking a significant milestone in the precious metal’s price trajectory. This peak follows a surge in demand driven by tight supply, expectations of Federal Reserve interest rate cuts, and growing investor interest in safe-haven assets amid economic uncertainty. The price has more than doubled year-to-date, rising 131.62% compared to the same period last year.

• Silver first broke through the $60 mark on December 10, 2025, following the Federal Reserve’s decision to cut interest rates by 25 basis points.

• On December 19, 2025, silver hit an intraday all-time high of $67.46, with analysts noting the rally occurred despite firm US Treasury yields and a strong US Dollar.

• By December 22, 2025, spot silver prices had climbed to $69.23 per ounce, with some reports citing a nominal all-time high of $69.45.

• The surge is attributed to a historic supply squeeze, with the cost to lease silver reaching its highest level since 2002, indicating a severe shortage in available supply.

• Analysts from Deutsche Bank predict silver prices could average $55 per ounce in 2026, with exchange-traded fund holdings potentially reaching a record 1.1 billion troy ounces by year-end.