Silver price has created history after crossing $50 mark, a level not seen since 1980. On October 9, Silver breached the $50 mark in intraday trading, after jumping over 3% from the previous day’s level.
On January 17, 1980, the price of silver reached an all-time high of $49.95 per ounce. However, it was achieved by a dubious agreement between two individuals to corner the supply and increase demand. Silver price crashed by more than 50% later on.
Thereafter, in 2011, Silver reached an all-time high price of $48.70 per ounce. On October 8, Silver closed at 48.74, reaching an all-time high price.
However, once Silver closes above $49.95, it will be a new all-time high for the gold’s close cousin.
On October 9, Silver trades at $50.36 per ounce and is attempting to create history by surpassing the $50 level on a closing basis. Silver price today in India is Rs 1,49, 830.
Although gold gathered most of the attention in 2025, silver has outperformed the yellow metal this year. Silver’s short-term performance has been remarkable, outpacing gold’s return. In the last 1 month, silver is up by nearly 20%, while gold gained 11%.
So far in 2025, silver has gained a whopping 74% compared to gold’s 53% YTD returns.
Gold crossed the $4,000 price level on October 1 and now Silver is attempting to breach the $50 mark on closing basis.
Both gold and silver have beaten all other asset classes comfortably over the past 12 months. Gold is up by over 54% and silver has increased by more than 60% in the last year.
Silver has been a slow starter, and it did not show a spike until February 2024. From $23, the price jumped to $34, a return of 48% in just about 14 months.
The two metals seem to run alongside whenever there is a rally in the price of gold and silver.
An interesting study by DSP Mutual Fund shows silver has outperformed gold in 10 out of 26 years. But whenever there is a rally in precious metals, then Silver tends to outperform significantly compared to Gold.
Here’s when those big rallies happened and Silver emerged as the winner. “During major price surges – such as from April 2003 to March 2008, December 2008 to April 2011, and December 2018 to January 2021 – silver’s gains significantly exceeded those of gold.
For example, from December 2008 to April 2011, silver rose by 353.4% compared to gold’s 78.6%. The data suggests that while both metals are valuable, silver tends to outperform gold during periods of strong market rallies.”
After the big jump in silver prices, the gold-to-silver ratio seems to have ebbed a bit. From a high of around 100, the gold-to-silver ratio has fallen to 82, still above the long-term average of 70. Gold trades around $4,040 and Silver is around $49. It shows Silver has potential for further increase if gold prices remain stable or decrease.