Silver hit a record high of $100 an ounce for the first time amid trading for less than $30 over a year.

Silver rose as high as $102 while gold reached $4,988 an ounce as it approached $5,000.

The price of silver has more than tripled since the start of 2025 when it traded at $29 an ounce.

Silver, popularly referred to as the "white metal" surged to a new record by gaining more than 5.3%.

Silver hits new record high of $90 per ounce

Silver is up some 40 percent already in 2026 and gold has gained around 15 percent, as investors who are nervous about the state of the world look for somewhere apparently safe to park their cash.

The surge is believed to have been driven by expectations that the United States may cut interest levels.

The largest silver producers at present include Mexico, China, Peru, Chile, and Australia.

The top consumers of silver jewelry are India, China, the United States, Thailand, and Italy.

SP/AE

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