December 2025 silver record high: $57.86/oz

December 2025 silver record high headlines turned into fact on Dec. 1, when spot silver printed $57.86/oz, an all‑time peak, according to Reuters. “Silver hits all‑time high of $57.86 per ounce,” the outlet reported as gold rose and the dollar softened.

The silver price record 2025 now sits at $57.86/oz after successive highs late last week. Moreover, the new high came as investors positioned for U.S. policy easing and a still‑tight physical market.

Timeline to the December 2025 silver record high

On Nov. 28, silver vaulted to fresh records around $55–$56.5/oz. Bloomberg reported intraday gains as steep as 5.9%, with prints near $56.53/oz amid erratic moves and thin liquidity.

However, the session was marred by a cme comex outage that disrupted trading for hours. As a result, price discovery skewed, and ranges widened around the silver price record 2025 push. The streak culminated on Dec. 1 with the $57.86/oz peak.

Rate‑cut bets power the move

Dovish expectations underpinned the breakout. Reuters cited december fed rate cut odds near 87%, while other outlets said markets were fully pricing a quarter‑point move this month.

Consequently, rate‑sensitive precious metals caught a tailwind. Moreover, the prospect of easier financial conditions encouraged momentum buying into new highs.

Physical tightness despite London inflows

Supply signals stayed tight. Reports noted a record October inflow of metal into London, meant to ease a historic squeeze. Nevertheless, SHFE‑linked inventories hovered near decade lows, and one‑month borrowing costs stayed elevated.

Therefore, logistics and availability remained constraints even with fresh shipments. These dynamics echoed ongoing “supply tightness” commentary across coverage. In short, indicators of silver supply tightness shfe mattered as much as macro drivers. Additionally, traders kept an eye on lease rates as a real‑time gauge of scarcity.

2025 scoreboard: silver vs gold

By many tallies, silver has roughly doubled year‑to‑date, while gold advanced about 60%. Consequently, silver vs gold 2025 performance has been stark, with the white metal clearly outpacing the yellow metal.

By contrast, gold’s steadier climb helped validate the broader precious‑metals bid. Even so, silver vs gold 2025 has turned into a story of beta and scarcity, amplified by positioning and macro hopes.

Liquidity strains and CME outage amplified swings

Thin liquidity magnified every headline. After an hours‑long cme comex outage on Nov. 28 tied to data‑centre issues, liquidity took time to normalize, and price gaps persisted.

Yet the breakout sustained into the new week, as participation improved and macro narratives held. “Erratic price moves and thin liquidity in the silver market” was how one Bloomberg report described the action.

What’s Next: December Fed decision and supply signals

For now, the focus returns to policy and physical flow. The December meeting will test december fed rate cut odds and could reshape curve expectations. Additionally, any shift in pricing would ripple quickly through precious markets.

Meanwhile, traders will watch SHFE warehouses and forward‑borrowing costs for fresh clues. If silver supply tightness shfe persists, bids may stay firm on dips. However, if inventories rebuild and lease rates ease, the rally’s slope could moderate.

Finally, liquidity will matter. After last week’s turbulence, depth conditions and ETF flows may determine how the market absorbs the December 2025 silver record high and any new headlines.