Silver has surged to $40.7 per ounce, closing at a multi-year high and taking the lead as the best-performing major asset in 2025. The yearly gain of 40% is ahead of other precious metals, except for platinum, which has a significantly smaller market.
The factors contributing to the outstanding rally include the growing likelihood of a Federal Reserve interest rate cut in the next meeting, supply constraints in physical markets, and heightened political instability in Europe.
