Silver surges to all-time high above $52.50 an ounce

Spot silver prices surged to an all-time high above $52.50 an ounce, eclipsing a peak set during a notorious attempt to corner the global market in 1980.

Spot prices rose as much as 0.4 per cent to $52.5868 an ounce in London, surpassing a peak set in January 1980 on a now-defunct contract overseen by the Chicago Board of Trade. Silver was one of only a small handful of markets whose record highs from the commodity spikes of the 1970s and 1980s had yet to be surpassed.

Silver has already set record highs in intraday spot data going back to 1993, and surpassed the 1980 record in daily auction price data published by the London Bullion Market Association. Bloomberg was unable to obtain intraday price data for the London market for that period.

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Published on October 14, 2025