Silver Tops $66 for First Time, Gold up 1%

NEWSMAX ^ | 17 December 2025

[Presbyterian Reporter]

Silver prices surpassed $66 an ounce to a record high Wednesday, while gold firmed as hopes of rate cuts by the U.S. Federal Reserve renewed after signs of a weak labor market, and as escalating U.S.-Venezuela tensions boosted safe-haven demand. Spot silver rose nearly 4% to $66.22 an ounce, after touching an all-time high of $66.88 earlier in the session. "Silver is pulling gold up with it... there is some rotational money going out of gold and into silver, platinum and palladium," said Marex analyst Edward Meir. "$70/oz (for silver) looks to be the next logical target in the short-term." Spot gold gained 0.7% to $4,334.01 an ounce by 01:56 p.m ET (18:56 GMT), after rising over 1% earlier in the day. U.S. gold futures settled 1% higher at $4,373.9. Silver is up 129% this year, outpacing gold, which has notched a 65% annual rise. On Tuesday, data showed a stronger-than-expected increase of 64,000 jobs in the U.S. last month, but the unemployment rate rose to 4.6%, its highest level since September 2021. Weakness in the labor market could increase the likelihood of rate cuts, and in turn benefit non-yielding assets like gold. "Markets continue to see the Federal Reserve cutting its interest rates two times during the first part of 2026, which could continue to support gold over that period," said Bas Kooijman, CEO and asset manager of DHF Capital S.A. Last week, the U.S. Federal Reserve delivered its third and final quarter-point rate cut of the year. Investors are now pricing in two 25-basis-point cuts in 2026. Market now awaits November's Consumer Price Index due on Thursday, and Personal Consumption Expenditures price index on Friday.

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TOPICS:
KEYWORDS: silver

[Presbyterian Reporter]

Silver price continues to go up.

[aMorePerfectUnion]

If you would like to be on the Gold & Silver PING LIST, please pm me.

The Gold & Silver Ping List covers the following:

Everything Gold & Silver
Stock market investments in mining companies,
etc.

PING!

[Steven Tyler]

KITCO Silver price and chart site

Who likes volatility and shenanigans in the morning

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Guru Meditation:
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[sauropod]

bkmk

[Jim Noble]

there is some rotational money going out of gold and into silver, platinum and palladium," said Marex analyst Edward Meir

Platinum and Palladium are not money.

[BipolarBob]

Banks and market manipulators hit hardest.

[Flavious_Maximus]

Historically, gold has been 50 times the worth of silver.

So if silver is selling for $66, then gold should be selling for $3300. I think silver has been undervalued for decades in comparison to gold. I purchased 100 silver eagles five years ago for $1500.

[Presbyterian Reporter]

“””Banks and market manipulators hit hardest.”””

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In 1980 the Hunt Brothers attempted to corner the silver market and silver reached $50 before collapsing.

Now, 45 years later, could China be the party who is attempting to corner the silver market?

[xzins]

It’s inflated and the bubble will eventually bust or peak will be reached and stay there a long time as inflation catches up.

[C210N]

The bubble on what will bust/peak? Silver?

Silver has been held artificially low for over 100 years, for bankster manipulations. There is a fundamental dilemma, with artifical lower prices, and manufacturers taking advantage of those prices to create a huge solar panel industry with silver that collapses when silver returns to its inherent value, as priced in fiat dollars. If the above ground supply of silver was distributed to each human, everybody would have 0.4 ounces. Figure that’s a lot less, given that governments and industry and banksters hold a large proportion. Silver is rare.... not like tulips, not like fiat, not like dollars.

So, to the question of what bubble peaks/bust, I’d say its the fiat currency bubble. It’s headed to 0 (financial reset), and will be replaced with a new system, as the old one has reached its end-of-life ($38T+ debt).

The old system (i.e., current system) is debt-based, and the next one will be asset based.

[BipolarBob]

Looks that way.

[CFW]

In addition, with the ever increasing demand for electronics and advancing technologies especially in batteries, silver for manufacturing is in more demand than ever. I don’t see the price going down at any point in the future.

As an example, Samsung is heavily investing in next-gen battery tech, primarily Solid-State Batteries for EVs (promising 600+ mile range, 9-min charges, safer, longer life, mass production targeted around 2027) and exploring Silicon Carbon/Stacking for smartphones (higher capacity in smaller spaces for devices like the Galaxy S26) to solve issues like swelling and improve density.

Key advancements include using silver-carbon anodes to prevent dendrites and boost performance for EVs, while SUS CAN tech is considered for phones to fix swelling.

Samsung’s new solid-state batteries (SSBs) use a silver-carbon composite in the anode, potentially requiring up to 5 grams of silver per battery cell, meaning a large EV battery pack (around 200 cells) could use roughly 1 kilogram (1000 grams) of silver per vehicle, a significant amount that could impact global silver supply.

1000 grams equals approx 35 ounces of silver per battery pack.

Technology manufacturing companies are going to demand the silver and pay whatever cost that’s necessary. It may get to the point that companies start buying their own small silver mining companies.

[Diana in Wisconsin]

I've waited 20+ years for these days. Totally works for me! New windows for my house and a new (used) vehicle come spring. Someone has to live this Luxury Life - it may as well be me!

[aMorePerfectUnion]

I share your joy!

[Uncle Miltie]

Found an 8 piece sterling silver set plus serving pieces at a thrift store for $30 recently.

75 ounces of net pure silver at 92.5% purity.

Makes for $5,000 of melt value at $66 per ounce.

Nice!

[xzins]

I was talking of Gold, but I should have been clear

[packrat35]

I have posted a lot about my silver stacking since June of this year. Now I have around 100 ounces, along with many silver proof sets and older 90% silver coins.

I am still buying.

[packrat35]

The US mint mints coins with them every year for several years now.

[packrat35]

I wish I had started 5 years ago and stuck with it.

[packrat35]

Silver is an undervalued asset for many years now. Industrial use alone uses more than is mined every year for several years now. Industrial use is expected to increase by double in the next few years...