The Price of Silver Has Reached Three Digits for the First Time 0 12

The price of silver has reached three digits for the first time in history, according to trading data. Continuing its steady rise, the price reached $100.36 per ounce at the time of writing, peaking at $100.47, gaining more than 4 percent on January 23.

Since the beginning of the year, global prices for silver, which has been rapidly increasing like other precious metals, have risen by 40 percent, setting records almost daily. Experts attribute the new explosive growth in the value of precious metals to another wave of geopolitical instability, primarily the situation surrounding Greenland.

The day before, silver first exceeded $96 per ounce, although just in September the price was $43, and in December it was around $65.

"Trust in the U.S. and its assets has been shaken, possibly irreversibly, and this is directing cash flows into precious metals," writes Reuters. Earlier on Friday, it became known that the largest pension fund in Europe sharply reduced its investments in U.S. bonds in 2025.