Silver hits record highs, often nicknamed the ‘Devil’s metal’ because of its sharp price swings, has outperformed gold in 2025, climbing about 71% compared with gold’s 54%. Analysts say it still has further to run, even as supply remains tight. Silver’s growth has moved in step with gold, whose price has seen its own rally with the price surging above $4,000 an ounce this year. In mid-October, silver reached an all-time high of $54.47 per troy ounce, a 71% increase from a year earlier. Though some of the gains have since eased, prices are once again trending upward, despite low supply levels. In late November, silver ... (full story)