Silver prices are nearly at record highs—here's why everyone's talking about it

Business Nov 28, 2025

Silver is having a moment, with prices jumping to $54.18 per ounce this week—just shy of its all-time high.
In India, silver followed suit at ₹173 per gram.
The buzz? It's all about higher industrial demand, particularly from solar and electronics, plus growing hopes that the US Federal Reserve will cut interest rates next month.

What's driving the surge?

Experts say this isn't just hype—"Silver's gains are supported by real, underlying demand rather than speculation," shared Aksha Kamboj from the India Bullion & Jewellers Association.
With an 87% chance of a Fed rate cut on the table and a weaker US dollar, silver has become even more attractive worldwide.
Analysts believe as long as these trends stick around, silver could stay strong in the near term.