11 Oct 2025 | 3 Mins Read
Silver prices near record highs as market squeeze tightens
Flipitmoney
Silver prices rose as much as 3.7% to $51 an ounce, nearing a 1980 record of $52.50. The London spot market's historic tightening led to soaring borrowing costs, driving up the precious metal's value. Silver has surged over 75% this year, outpacing gold, due to investor demand for safe-haven assets amid fiscal uncertainties and market concerns.