Silver Hits Record $95 as Market Cap Reaches $5.3 Trillion, Analysts Eye $300 Target

Core Insights - Silver has reached a historic high of over $95 per ounce, marking a 31% increase year-to-date, with projections suggesting it could climb to $300 by 2026 [1][2][7] Group 1: Market Performance - Silver's recent surge is attributed to renewed demand for precious metals following geopolitical tensions from tariff actions by President Donald Trump against the European Union [2] - Silver has set fresh all-time highs, now ranking as the second-largest asset by market capitalization, only behind gold [2] - The rally in silver has outperformed gold, capturing significant attention in global markets [3][4] Group 2: Contributing Factors - The surge in silver prices is driven by a combination of factors including safe-haven buying, expectations of Federal Reserve rate cuts, tightening conditions in physical markets, and increasing industrial demand from sectors like solar energy and electric vehicles [5][6] - Analysts are optimistic about silver reaching $100 per ounce in the near term, with some suggesting it could happen as soon as tomorrow [6] - Long-term predictions indicate a potential rise to $300 due to structural imbalances between paper trading and physical supply [7]