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This May Be the Right Time to Raid Your Silver Drawer Silver prices have jumped 27% this year, hitting their highest levels in more than a decade and prompting Americans to cash in old jewelry, coins, and silverware. While gold often grabs headlines, silver's rally has been fueled by strong demand from both investors and industrial buyers, particularly solar-panel manufacturers. About 80% of silver demand comes from industry—a trend that analysts thought would drag prices down due to trade tensions and changing US energy policies. Instead, after a dip this spring, silver has rebounded sharply, per the Wall Street Journal . Silver futures recently closed at $36.87 an ounce, up 12% so far in June. Gold is also up—29% for 2025, but silver's mix of investment and industrial demand has set it apart. CBS News lays out other reasons why silver is an optimal choice at the moment, including a relatively lower entry price point, compared with gold's, and the fact that it can help investors diversity their portfolios. There are some concerns that manufacturers could eventually turn to cheaper alternatives if silver gets pricier, or that demand from China's solar industry was front-loaded ahead of policy changes and will lead to a "hangover" of sorts later in the year. Despite the surge, silver remains below its inflation-adjusted record set in 1980, when an attempted market
Monday, 06/23/2025, Video Clip |
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