New York: International silver prices crossed the $100 per ounce mark for the first time in history on Friday, marking a major milestone for the precious metal as its powerful rally gathered further momentum.
Spot silver prices surged 4.2 per cent during New York trading hours to hit an intraday high of $100.29 an ounce, driven by strong investor demand for safe-haven assets.
Silver’s Historic Rally
Silver has been on an exceptional upward trajectory:
- Prices more than doubled in 2025
- The metal has already gained around 40 per cent in 2026
- Bullion prices overall are up 15 per cent so far this year
The rally reflects growing investor appetite for precious metals amid persistent global uncertainty.
Geopolitical Tensions Fuel Safe-Haven Demand
Heightened geopolitical tensions, ongoing conflicts, and economic uncertainty have pushed investors towards traditional safe havens such as gold and silver, boosting prices to record levels.
Silver’s surge mirrors broader strength across the precious metals market as investors seek protection against volatility, inflation risks, and currency fluctuations.
Gold Also Hits Record High
Gold continued its own record-breaking run on Friday, with the yellow metal climbing to a fresh all-time high of $4,967 per ounce, underscoring the strong demand for safe-haven assets globally.