World Silver Prices This Week Skyrocket Following Gold

Illustration of silver gold (Between)

JAKARTA - The world's gold price rally in the last three years has attracted a lot of attention. However, one precious metal was left behind for a long time, namely silver. Now, the precious metal is starting to catch up and steals the market's focus.

Quoted from Kitco News, Saturday, November 30, the price of silver closed this week with a new record above US$56 per troy ounce, up 97% since the start of the year. Meanwhile, gold moved closer to US$ 4,200 per troi ounce, recording an increase of almost 61% throughout 2025.

So far, gold has advanced faster thanks to its role as a monetary asset targeted by the global central bank. Aggressive purchases are made to reduce dependence on fiat currencies and strengthen foreign exchange reserves.

Silver, which has high volatility, is not considered suitable as an official reserve asset, so it lags behind the gold rally. The inequality in demand made the gold/silver ratio jump to extreme levels.

Gold/silver ratio, which had touched 100, has now dropped dramatically to 74, breaking into long-term support. A number of analysts even project that the ratio could return to around 50.

If the US$ 5,000 gold price prediction in 2026 is realized, the price of silver has the potential to penetrate US$ 100 per ounce troi.