At the start of the week, silver prices tested the $117 per ounce level, marking a key historical milestone. Although prices later pulled back toward $105, silver’s long-term upward trend continued to attract investor attention.
Silver was trading near $17 per ounce at the end of 2017 and has since gained approximately 517 percent. Over the same period, Bitcoin also posted solid gains of around 500 percent, while gold’s total increase remained below 300 percent. These figures underline silver’s notable performance over the past nine years.
Interest in silver was also reflected in exchange-traded funds, where trading volumes rose sharply. Analysts attribute the rally to strong momentum, key psychological price levels, a weaker U.S. dollar, and rising industrial demand. According to market observers, developments in precious metals will remain an important focus for global investors in the period ahead.
