Silver Soars: Navigating the Market's Shiny Terrain

Silver prices have reached an all-time high of $84.60, driven by a weaker dollar and strong industrial demand. Trading occurs mainly over-the-counter in London, with futures contracts on major exchanges like COMEX. Investors can also access the market through ETFs, bars, coins, and mining companies' shares.

Silver has achieved a record-high price of $84.60, reflecting unprecedented gains due to a weakened U.S. dollar and robust industrial demand. The catalyst behind this upward trend includes geopolitical tensions following the Trump administration's criminal probe threat against the Federal Reserve chairman.

In primary marketplaces such as London, investors engage in over-the-counter trades with financial institutions. Prominent market players like JPMorgan and HSBC use bullion bars as a market foundation, storing them in extensive vaults. These London vaults contained 27,818 tons of silver as of December 2025.

Furthermore, futures trading offers another avenue on exchanges like Shanghai Futures Exchange and CME Group's COMEX. Notably, investors can participate without immediate full payment by utilizing margin. Separate from futures, Exchange-Traded Funds (ETFs) offer a more accessible entry point for small investors, exemplified by the significant holdings of iShares Silver Trust by BlackRock.

(With inputs from agencies.)