Breaking: Silver Tops $38 for First Time Since 2011 
Silver is closing in on a 14-year high, rising 1.5% to nearly $39 an ounce as investors turn to more affordable alternatives to gold, which is trading near record highs. Ongoing concerns about possible new U.S. metal tariffs are adding to silver’s appeal by raising fears of tighter physical supply.
Silver prices have jumped 35% this year—outpacing gold’s 28% gain—thanks to its dual role as both a safe-haven asset and key industrial metal, especially in solar panel production. Analysts say the metal remains in short supply, with borrowing costs spiking and U.S. buyers rushing to secure supply ahead of any trade policy changes.
