Silver once again hits a new all-time high! Spot Silver has broken through the important level of $110 per ounce, reaching a new record high, with a peak of $112, and a single-day increase of over 8%.
(Background: Precious metals hit new highs! Gold prices break $5000, Silver hits 107, is Bitcoin no longer a safe haven?)
(Additional context: Silver enters the three-digit era! The silver price surged briefly above $100, and its market value has surpassed NVIDIA to become the second-largest asset globally.)
Today (26th), the silver market experienced intense volatility again. Spot Silver broke through the critical $110 per ounce level, hitting a new all-time high, with a peak of $112 and a single-day increase of over 8%, drawing significant global market attention.
Market analysis indicates that this surge in silver is driven by multiple factors. First, industrial demand continues to grow rapidly. As an important industrial metal, silver is widely used in solar photovoltaic, electronics, electric vehicles, 5G infrastructure, and artificial intelligence-related fields. The global green energy transition and technological upgrades provide long-term support. Second, the overall bullish sentiment in precious metals is strong; gold prices have already surpassed $5,000 per ounce, and silver, known as “the poor man’s gold,” has seen a clear rally, attracting substantial capital inflows. Third, supply and demand are out of balance; global silver mine supply is growing slowly and cannot meet the surging demand, pushing up spot prices. Additionally, geopolitical uncertainties, the phased weakening of the US dollar, and central banks’ continued gold purchases also provide extra upward momentum for silver.
According to data from 8marketcap, the current market value of silver has already exceeded $6.2 trillion. If the momentum continues, it may soon surpass the combined market caps of NVIDIA and Alphabet, Google’s parent company.
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