Spot silver jumped 10.35% to $79.59 per troy ounce in just one day, on Friday, December 26, 2025. On that day, there were new all-time highs set for silver, platinum, and gold. Spot silver has gained a phenomenal 166% in value in 2025. And now, amazingly, a $1,000 face value bag of pre-1965 non-numismatic “junk” 90% U.S. silver coins now sells for $56,840. Though prices vary, that effectively means that the melt value of one U.S. pre-1965 silver dime (10-cent piece) is now $5.68.
And today? In Monday morning trading in China, (that was early Sunday evening, in the United States, the New York Globex silver was at $82.40. It has since then dropped to around $76.25, as of this writing.
The Metals Price Ratios
In percentage terms, silver and platinum are consistently rising faster than gold. It was easy to predict this trend, because of several factors, to wit:
- Silver’s scarcity, geologically. There are roughly 8 ounces of silver in the Earth’s crust for every ounce of gold. The traditional monetary ratio (in exchange) was around 15-to-1. The market price ratio has wandered between 40-to-1 and an absurd 110-to-1 in recent years. But in the past 8 weeks, we’ve seen the market price ratio drop from 74-to-1 to 57-to-1. I expect to see that ratio continue to decline — perhaps to as low as 30-to-1, within a few years. For the past three years, I’ve been advising SurvivalBlog readers that they should ratio trade a good portion of their gold holdings into silver. Hopefully, most of you heeded that, and you have realized a handsome profit.
- Growing industrial silver demand. Although the photographic demand for silver had dropped tremendously, the overall demand is growing, particularly for the production of photovoltaic power panels and batteries. Samsung recently announced the fruition of a new ultra-fast charging long-range solid-state electric car battery that will depend heavily on silver. They’ve been developing this for nearly five years. They are both safer and faster to recharge than lithium anode batteries. This new silver-carbon composite nanolayer anode battery technology will undoubtedly increase the demand for silver in the next few years.
- Lack of silver scrap recovery. While the majority of gold used in electronics is recovered from scrap, the majority of silver is not. This means that a lot of silver has incrementally ended up in landfills.
- Declining commercial silver stockpiles. The amount of available aboveground silver has been gradually falling for more than 10 years. The law of supply and demand is inescapable.
- Relentless physical demand from Asia. Asian investors have always liked silver. And not many small investors can afford to buy gold at roughly $4,400 per ounce. So, they are shifting to buying silver.
Continue reading“How Long Will The Silver Bull’s Rampage Continue?”

