At the close of global financial markets, the price of an ounce of silver rose by $1.17, or 1.64%, to trade at $72.82.
The price of a kilogram of silver in global markets reached $2,341.
The price of silver had reached a low of $74.39 yesterday evening before the markets closed.
For the year 2025, the price of silver rose by more than 146%, making it the strongest year in the history of the silver market.
Several key factors contributed to this rapid rise in silver prices during 2025, most notably the US government's designation of silver as a "strategic and important metal," along with declining supply levels and increased demand for its use in the industrial and investment sectors.
At the same time, the possibility of continued interest rate cuts in the United States this year and ongoing geopolitical tensions are two other factors contributing to the rise in silver prices.
According to the minutes of the Federal Reserve's last meeting in December, officials indicated their willingness to cut interest rates if inflation continued to decline, although they had not yet agreed on the timing or magnitude of the cut.
While 2026 began with a notable rise in silver prices, market observers are now focused on declining global silver reserves, which increases the likelihood of continued price increases in the coming months.
An ounce of silver is approaching $73
