According to a report by Reuters, the spot price of the ounce on Wednesday (October 8) rose to $49.57, the highest in history. Valued and art – The price of this metal used in both sectors has increased by about 70% this year. This indicates the largest annual growth after 2010.
Gold prices on the same day also exceeded the limit of $ 4,000 per ounce. Copper prices also reached the highest level in 16 months.
Oanda’s analyst Jain Vawda said many retail investors are now seeing Rupa as a safe investment. The demand for silver is increasing and the price is also rising. Due to the supply crisis and increasing demand in the industrial sector, the price of silver can reach $ 55 per ounce in the next six months.
This year, the United States’ Comex warehouse has invested a large amount of money, which has also created a liquidity crisis in the London spot market-and it has raised the price of silver.
HSBC analyst James Steel said the market was in unrest the market due to the US import tariff. This makes the London Spot and the New York Futures a major difference between the price, making the transfer of gold and silver to New York profitable.
Recently, Rupa has been added to the list of important minerals of the United States, and the potential tariff has begun. As a result of this, the share price of Comex reached a record high last week.
According to the London Bullion Market Association (LBMA), the Vault in London at the end of September was 24,581 metric tons of silver, which is worth about $ 36.5 billion. Currently, it takes 82 ounces of silver to buy gold per ounce; Which was 105 ounces last April. It implies that the price of silver like gold is increasing rapidly.
Matthew Pigott, analyst of Metals Focus, said that silver is now creating a strong position for investment, not just industrial metals. We hope the price of silver will exceed $ 60 per ounce by 2026.
Not only investment, but also the use of silver in the technology sectors like Solar Panel, Electronics, and Electric Vehicle, which is playing a major role in increasing prices. According to a report by Morgan Stanley, this year Rupa-Investment in supported Exchange Traded Fund (ETF) has increased and the demand for silver in the industrial sector is increasing due to the increase in solar power projects in China. Although the growth rate in the solar sector can be a bit slow the price of silver is expected to hold a strong position in the near future.
Summary Table: Global Precious Metal Price Surge
| Metal | Current Price (Oct 8) | Change (2025 YTD) | Analysts’ Forecast | Key Drivers |
|---|---|---|---|---|
| Silver (Rupa) | $49.57/oz (record high) | +70% | $55–$60/oz in 6–12 months | Industrial demand, supply crunch, investment interest |
| Gold | $4,000/oz | +20% (approx.) | Stable to moderate rise | Safe-haven buying, tariff impact |
| Copper | 16-month high | +15% | Steady growth | Manufacturing rebound |
| Market Factors | — | — | — | US tariffs, liquidity crisis in London, Comex investment |
| Industrial Demand | — | — | — | Solar panels, EVs, electronics, ETFs growth |
