Mumbai: After gold created history by crossing the USD 4,000 mark on October 1, all eyes are now on silver, which is inching closer to breaking a major milestone of its own — USD 50 per ounce. As of October 9, silver is trading at USD 49.02, just short of its historical high of USD 49.95, set in January 1980.

Past Highs — Some Controversial

Silver’s first major price peak in 1980 was linked to a controversial attempt to corner the market, which eventually led to a price crash. The second peak came in 2011, when silver touched USD 48.70, this time driven by real demand. On October 8, 2025, silver touched USD 48.74, very close to that mark, and is now set to break above both previous records. Read Also Gold Market Soars: Historic $4,000 Milestone Crossed, Experts Predict Even Bigger Ga

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