In the trading session on December 3, the global precious metals market witnessed a historic moment when the price of silver futures contracts reached 59.655 USD/ounce. This is an all-time high, officially breaking the old record of 58.85 USD set earlier this month.
Silver prices have risen 102% since the start of the year, confirming that silver is a major asset class outperformer, outperforming both the stock market and gold.
The magnitude of silver’s gains becomes clear when compared to the broader market performance. While gold has gained 60%, silver’s 102% gain represents a 42 percentage point outperformance.
Even more striking is the comparison to the stock market, where the S&P/ASX All Ordinaries index is up around 5%, showing a 97 percentage point premium for silver compared to traditional equity investments.
Silver prices to hit record high in 2025. (Photo: Discoveryalert)
This performance gap reflects fundamental shifts in investor allocation preferences, not temporary speculative positioning. Furthermore, silver’s all-time high reflects structural demand shifts beyond the usual safe-haven flows.
Silver's strong rally reflects "a deep disconnect between increasingly tight physical supplies and a favorable macro backdrop," according to Ole Hansen, head of commodity strategy at Saxo Bank.
Green energy is playing a key role in the global silver consumption picture. Silver is an essential ingredient in photovoltaic solar panels, which are also benefiting from the electrification trend and the expansion of renewable energy infrastructure investment.
Electric vehicle production adds another layer of consumption, as these vehicles require significantly more silver per unit than conventional cars. Battery connectivity, charging infrastructure, and advanced electronics packages all require high-grade silver components, creating a multiplier effect as EV adoption accelerates globally.
With a more than 100% year-to-date gain and tight supply, many experts believe silver prices have room to climb. The combination of strong industrial demand, green economic momentum and falling inventories has created a solid foundation for silver to remain one of the year’s best-performing metals.
However, many experts also warn that this investment channel still has potential risks. Profit-taking by organizations can create significant selling pressure. Large investors who have accumulated positions in the early stages can start to receive profits, temporarily overwhelming demand from new market participants.
Therefore, experts advise those who intend to "follow" this wave to be cautious. Do not get caught up in the parabolic chart and forget that after each hot increase, there are usually cold corrections.
Source: https://vtcnews.vn/lo-dien-kim-loai-quy-nong-nhat-nam-2025-ar991410.html
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