Silver Jumps to $81.55 an Ounce After $5.05 Daily Gain
Updated
Updated · Fortune · May 8
Silver Jumps to $81.55 an Ounce After $5.05 Daily Gain
9 articles · Updated · Fortune · May 8
$81.55 per ounce was silver’s spot price at 8:45 a.m. ET on May 7, up $5.05 from the prior day and more than $49 from a year earlier.
A rally of more than 150% over the past year has been driven by limited supply and stronger demand from both industrial users and investors, with solar and electronics cited as key end markets.
Silver’s industrial exposure makes it more volatile than gold even as investors use it as an inflation hedge; buyers of physical metal also typically pay premiums above the spot price.
Since 1921, silver has trailed the S&P 500 by about 96%, underscoring its role as a store of value and portfolio diversifier rather than a long-term growth engine.
Has industrial demand permanently broken silver's link to gold, rewriting the rules for safe-haven investing?
With silver up 150%, are investors ignoring the warning signs of a speculative bubble fueled by industrial hype?
Can technology solve the silver supply crisis before soaring prices cripple the green energy and AI revolutions?