ThePrint CutTheClutter: Silver beats gold: Behind global price surge of devil's metal & how much India uses, produces & buys
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Oct 14, 2025 Silver prices have skyrocketed, outpacing gold this year. Central banks in Russia and Saudi Arabia are making notable purchases, hinting at geopolitical maneuvers. The discussion highlights silver's volatility and its historical significance. With rising demand from industries like EVs and solar, supply struggles are evident. India’s heavy reliance on imports contrasts with its modest production. As recycling gains importance, the need for silver in global markets is projected to soar. The dynamics of silver versus gold are truly captivating.
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Silver's Sudden Rise And Sovereign Buying
- Silver has surged past gold recently and attracted massive ETF inflows worldwide.
- Central banks like Russia and Saudi Arabia have begun buying silver, signaling rising strategic interest.
Silver's Higher Volatility
- Silver is far more volatile than gold, roughly 1.75x in movement.
- That higher volatility makes silver riskier but also offers outsized gains and losses.
The Hunt Brothers' Silver Frenzy
- The 1980 Hunt brothers' silver buy triggered a dramatic price spike and regulator intervention.
- Their collapse ended that speculative run and showed how concentrated hoarding can crash markets.