Silver Prices Soar Past $60 as Comex Records Historic Peak

March futures for silver reached an all-time high, according to Comex data. As of 18:53 Moscow time, the precious metal traded at $60.535 per ounce, later adjusting slightly to $60.510 by 19:05.

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Silver bars and coins

Silver Trends and Future Predictions

Earlier, in early September, silver prices climbed to a 14-year peak. Analysts forecast that this upward trend will continue in 2026, with silver expected to rise by eight percent. Additionally, growing demand for electricity to power data centers and the rapid expansion of artificial intelligence could drive prices of aluminum and copper higher.

Platinum Reaches 12-Year Peak

At the end of September, platinum also showed a record surge, reaching its highest value in 12 years. Experts attribute this rise to persistent demand from central banks for safe-haven assets amid ongoing global economic instability.

Market Implications

The simultaneous surge in precious metals underscores investor interest in securing reliable assets during volatile market conditions. Analysts continue to monitor industrial metal trends closely, noting that technological advancements and energy demands are likely to shape market dynamics well into 2026.