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An ounce of silver now costs more than a barrel of oil
On 22 December 2025, a remarkable event occurred in global commodity markets: an ounce of silver traded at approximately $67-68 per troy ounce, surpassing the price of a barrel of West Texas Intermediate (WTI) crude oil, which was hovering around $56-57, according to reports. Brent crude, the international benchmark, was slightly higher at about $60-61, but the core message remained the same-one ounce of the white metal was worth more than 42 gallons of black gold. This inversion hasn’t occurred in over four decades, with the last comparable episode tracing back to the volatile commodity boom of the late 1970s and ... (full story)