Silver, often dubbed ‘poor man’s gold,’ has proven to be a lucrative investment in 2025, surging over 70% in the past year. Trading at approximately $51 per ounce in the London spot market, it remains a key player in both jewelry and industrial sectors, particularly in the production of electric vehicles, electronics, solar panels, and medical devices. The metal’s ascent has been fueled by increased ETF flows, though it remains vulnerable to price corrections. Analysts predict a robust upward trajectory, with prices potentially averaging $57 per ounce by the fourth quarter of 2026. The U.S. government’s recent classification of silver as a critical mineral has sparked speculation about tariffs, though the market remains resilient. Despite a projected 11% decline in demand next year, Bank of America forecasts silver could reach $65 per ounce by 2026. The metal’s value has also been bolstered by a weak U.S. dollar and ongoing supply deficits. Experts anticipate continued volatility, driven by industrial demand and investor behavior.