Silver hits record $94.11 but JPMorgan warns of sharp correction risk from supply pressures and ETF outflows. Buy-the-dip strategy remains intact.

Compared to other precious metals options, "Silver likely offers stronger return potential," Chandaria says. "Its smaller market size, tighter supply-demand balance, and growing industrial relevance mean that investment inflows can drive larger percentage gains compared to gold."

Prices for gold and silver stayed near all-time highs even as global stocks and futures sold off amid increasing geopolitical tensions.

The Dow/Silver ratio needs to rise above the double blue line in order to reach parity with the Dow since the creation of the Federal Reserve. At current prices, that would mean silver’s price needs to be way above $300.

Geopolitical uncertainty and a continuation of last year's demand trends keep driving the price of silver to unprecedented heights so far in 2026. But how sustainable is the upward climb?

Silver charted its fifth consecutive structural market deficit in 2025 based on preliminary analysis of the data.

Silver prices are soaring — but industry demand could cap the rally

With silver prices elevated, choosing the right form matters in terms of the cost, liquidity and long-term value.

Silver hits a new all-time high above $95 as geopolitical tensions and tariff risks drive a broad rally in precious metals.