Key Takeaways Silver prices are currently at $63 an ounce, driving a 114.8% year-to-date gain that eclipses gold's rally.A more dovish Fed outlook, strong demand and a persistent supply deficit are supporting silver prices.Silver market is likely headed for the fifth straight year of deficit in 2025.Silver is on track to post its strongest year. Prices reached an unprecedented high of $64 an ounce recently and are currently hovering at around $63 an ounce. This translated into a 114.8% year-to-date gain, ec ...