09.10.2025 20:37
Silver reached a record high of $51.23 per ounce, hitting a 45-year peak. Having gained 62% in value since the beginning of the year, silver has surpassed banks' year-end forecasts within just three months.
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Silver, which has reached its highest level since 1980, broke a historical record at $51.23. Having gained 62% in value since the beginning of the year, silver finished yesterday at $48.84, with an increase of 2.10%.
IT HAS LEFT BEHIND A 45-YEAR RECORD
Surpassing the record of $49.95 seen in 1980, silver thus recorded the highest level of all time. The price of silver per gram also set a new record in the domestic market, rising to 68.85 TL. In 1980, silver reached $50.36 during the day and closed at $48.70.
BANKS' PREDICTIONS FAILED
The rapid rise in silver prices in global markets has also surpassed the predictions of major investment banks. HSBC raised its average silver price forecast for 2025 from $38.05 per ounce to $44.50, setting its year-end target at $49. However, this target was exceeded in less than three months. The bank also announced that it expects prices to range between $45-53 for the remainder of 2025 and $40-55 for 2026. Morgan Stanley, while still describing gold as the most preferred commodity, predicts that the price of gold per ounce could reach $4,400 next year.
WHAT DO EXPERTS SAY?
Analysts attribute the sharp rise in silver to both the increase in industrial demand and investors' search for safe havens. It is emphasized that the demand for silver in green energy technologies will continue to support prices in the long term.
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