Silver Hits a Record High: 4 Reasons Why ETFs Can Soar Higher

Silver climbed to a fresh record recently. iShares Silver Trust (SLV) has gained 97.3% so far this year (as of Dec. 2, 2025), outperforming SPDR Gold Trust (GLD) , which has advanced about 58%. The GLD ETF has advanced 5% over the past month, while SLV has surged 21.4% during the same timeframe.  Rising speculative positions, thanks to expectations of persistent supply tightness and the prospect of lower U.S. borrowing costs, led to the rally in silver prices. Below, we highlight a few reasons that can driv ...