The price of silver has moved sharply on Thursday morning, reaching a higher level of the last decade.

Futal fulfillment contracts increased more than 4%, negotiating more than $ 36 per ounce. This is the highest value for metal since early 2012.

The rally of the silver

Silver has made high yields in 2025 and has increased more than 20% since the previous year. This percentage is still short of the rise of gold, which has increased by 25%. The price of gold changed little on Thursday, which means that the silver rally closed part of the gap between the two goods, the CNBC notes.

Silver has industrial uses, including solar panels, and is also considered by some investors as a “safe haven”, such as gold. A recent Silver Institute survey estimates that the silver supply was about 15% lower than demand in 2024 and predicted that the deficit would remain in 2025.

The weakening of the dollar has made silver more attractive to buyers, while increasing commercial tensions, increasing duties and broader financial uncertainty have enhanced the attractiveness of the metal as a traditional “safe shelter” asset.