Silver hits record high, what is driving the price surge

Business Nov 13, 2025

Silver soared to a record $53.72 per ounce on November 13, 2025, jumping over 11% in just a week and surprising traders by breaking above resistance near $54.
This rapid climb has everyone from investors to traders talking.

Factors behind the surge

The main reason? Demand for silver is booming thanks to its use in solar panels, electronics, and electric vehicles—all industries that are growing fast.
At the same time, silver supply can't keep up since it's mostly mined alongside other metals, making quick production increases tough.
Plus, with the US dollar getting weaker lately, buying silver has become cheaper for international buyers—so even more people are jumping in.