Silver Hits Record $95 as Market Cap Reaches $5.3 Trillion, Analysts Eye $300 Target

Silver soared to a historical precocious of implicit $95 per ounce today, extending a rally that has lifted the precious metallic 31% year-to-date (YTD).

As the rally gains strength, metallic is closing successful connected the $100 mark. Notably, immoderate analysts are projecting acold higher targets, with forecasts suggesting the metallic could ascent to $300 successful 2026.

Precious metals attracted renewed request aft President Donald Trump’s tariff actions against the European Union heightened geopolitical tensions. As BeInCrypto reported, golden and metallic reached grounds highs yesterday. The rally has continued today, with some metals mounting caller all-time highs.

Silver present ranks arsenic the second-largest plus by marketplace capitalization, trailing lone gold, according to Companies Market Cap data.

"Silver conscionable surged to $95 an ounce, breaking each erstwhile records and stunning planetary markets. Gold whitethorn get the headlines, but silver’s tally is turning heads fast," Mario Nawfal wrote.

The latest tariff tensions are not the lone factors that person fueled silver’s surge, which has adjacent seen it outperform gold. The rally reflects a operation of respective factors.

These see sustained safe-haven buying, expectations of Federal Reserve complaint cuts supporting non-yielding assets, tightening conditions successful carnal markets, and accelerating concern request from sectors specified arsenic star energy, electrical vehicles, electronics, and high-tech infrastructure.

Analysts present spot $100 per ounce arsenic an attainable near-term goal. Economist Peter Schiff suggested the milestone could beryllium reached arsenic aboriginal arsenic tomorrow.

"Despite grounds highs successful golden and metallic today, Canadian golden miners are hardly up, arsenic investors are excessively acrophobic of a large sell-off connected Tuesday. That apt means tomorrow’s metals rally could beryllium adjacent bigger than today’s, with metallic hitting $100 per ounce. Let’s spot what happens," Schiff wrote.

While near-term targets clump astir $100, immoderate analysts judge the longer-term setup is acold much explosive. In a elaborate post, an expert predicted that metallic volition scope $300, arguing that the marketplace faces a structural imbalance betwixt insubstantial trading and carnal supply.