Silver Prices Keep Confounding Experts. I Won’t Be Surprised If They Hit $100 Soon.

Core Insights - The recent surge in silver prices is considered one of the most remarkable market developments in the commodities sector, with prices reaching a record high of $53.765 in mid-October 2025 before experiencing a temporary decline [2][4] - The silver market is characterized by extreme volatility, with prices doubling in a short period, indicating a parabolic market behavior that defies traditional logic and technical indicators [4] Price Movements - Silver futures were trading at $36 an ounce in August 2025, achieving the $50 mark by November, showcasing a significant price increase [2] - After hitting a record high of $53.765 in mid-October, silver prices fell to a low of $45.51 in late October, reflecting the market's volatility [2] Market Drivers - Safe-haven demand is identified as the primary driver for the increase in silver and gold prices, influenced by aggressive U.S. foreign policy actions [5] - The uncertainty surrounding U.S. foreign policy is causing traders and investors to seek refuge in precious metals like silver and gold [5]