Silver Could Be the Next Big Thing After Gold’s Run

If you missed the gold rush, silver may be your second shot. While gold has been making headlines with record-breaking highs—crossing $3,000 an ounce—silver is quietly building momentum with analysts predicting a "powerful" breakout of its own.

Silver closed recently at $33.49 an ounce, far below its 1980 record of $48.70—and light years away from its inflation-adjusted high near $200. Analysts believe silver is undervalued, especially when compared to gold, and could be poised for a sharp rally.

The Case for Silver
According to Peter Spina, founder of GoldSeek and SilverSeek, silver is the “hidden, precious gem” of the metals market. While gold has posted 15 record intraday highs this year, silver has lagged—but that’s typical in precious metal bull runs. Silver often plays catch-up—and when it does, it can explode faster and higher than gold.

Right now, the gold-to-silver ratio is above 90, meaning it takes over 90 ounces of silver to buy one ounce of gold. That’s historically high. A return to the average ratio of around 70 would require a significant jump in silver prices.

Supply Crunch Meets Rising Demand
The Silver Institute predicts a fifth straight year of global supply deficit in 2025. Silver supply is expected to hit an 11-year high of 1.05 billion ounces, yet demand is set to outpace that at 1.2 billion ounces.

Western investors had previously pulled back from silver ETFs, but that trend is reversing. With ETFs now showing inflows, and silver’s growing industrial use—from solar panels to electronics and green tech—investment demand is colliding with strong real-world utility.

Could We See a Silver Squeeze?
Spina believes there's potential for a silver-squeeze scenario, where short sellers panic, triggering a price spike. In a more typical run, he sees silver heading to $40–$50 per ounce in the coming months. But in a full-blown squeeze? We could see a spike to $75–$100, he says.

Analyst Trevor Yates at Global X echoes this optimism. He sees silver benefiting from a manufacturing and industrial rebound, and favors silver mining ETFs for leverage and diversification over the physical metal alone.

Bottom Line
Silver may not have the same spotlight as gold, but it’s climbing back onto the stage. With fundamentals aligning—tight supply, growing industrial demand, and renewed investor interest—analysts say the white metal’s time to shine may be just around the corner.



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