Silver Holds Plunge from Record High

2025-10-22 09:56 By Andre Joaquim 1 min. read

Silver prices held below $48.5 per ounce on Wednesday and was down around 11% from all-time highs as markets considered whether the metal's recent surge propelled it to the overbought territory.

Silver prices in major exchanges had rallied nearly 40% since the end of September to reach a record-high of $54.5 per ounce on October 17th.

Precious metals benchmarks surged as a US government shutdown, increasing geopolitical tension worldwide, and unsustainable fiscal deficits for major economies drove investors and governments to pile on hard currency and bullion as a preferred store of value.

The rally was magnified for silver amid bullish long term bets on its industrial uses for electric vehicles, datacenters, and photovoltaic farms in addition to a supply squeeze in vaults in London and Shanghai.



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