Analysissilver pricessupply crunchev demandindia consumption
Silver Hits Record Highs Amid Supply Crunch
7.0
Silver has hit record highs in 2025, peaking at $54.47 per troy ounce in mid-October after a 71% year-on-year rise, experts told CNBC. Analysts attribute the rally to tightened supply—London vault inventories fell about a third since 2022 and mine output declined—paired with strong demand from India, electric vehicles, AI components and photovoltaics.
Key Points
- 1Record silver prices reach $54.47/oz in mid-October, up 71% year-on-year, per market data
- 2Supply tightness driven by falling London vault inventories and declining mine output over ten years
- 3Elevated industrial demand from India, EVs, AI, and photovoltaics suggests sustained price pressure and premiums
Scoring Rationale
Strong market data and expert sourcing support high impact, but topic is outside core AI/ML relevance.
Sources
Public references used for this report.
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