Silver’s Meteoric Rise Outshines Gold as Investors Flock to Alternative Stores of Value
Silver has surged 150% year-to-date, dwarfing gold's 70% gain, as a perfect storm of supply constraints and surging demand reshapes the precious metals market. The rally stems from industrial buyers stockpiling, retail investors hoarding physical bars, and a geopolitical push—including U.S. recognition as a 'critical mineral' under the TRUMP administration.
London's opaque over-the-counter market handles the bulk of institutional trading, with HSBC and JPMorgan collectively warehousing over 27,000 metric tons in vaults. Meanwhile, futures trading on Shanghai and COMEX exchanges allows Leveraged speculation without physical settlement—a mechanism increasingly mirrored in crypto derivatives markets.