First since 1993: Silver soars above $50 an ounce

Silver is shining brightly once again. For the first time since 1993, the price of silver has crossed the symbolic threshold of $50 an ounce, reaching a record high of $50.4142, according to Bloomberg data. This historic surge follows the record high for gold, which also soared to over $4,000 an ounce on Wednesday.

A catch-up effect and a climate of uncertainty

John Plassard, head of investment strategy at Cité Gestion Private Bank, speaks of a "catch-up effect" of silver after the surge in the price of the yellow metal.

According to Fawad Razaqzada, an analyst at City Index, silver benefits from the same drivers as gold: macroeconomic uncertainties, a weak dollar, and a growing appetite for tangible assets.

Since Donald Trump's return to the White House and his repeated attacks on the US Federal Reserve, confidence in the dollar has been eroding. Combined with the budget impasse in Washington, this distrust is pushing investors towards safe-haven assets—gold, silver, but also Bitcoin, which has also just reached a historic high.

An industrial metal at the heart of the technological revolution

Beyond its safe-haven role, silver is benefiting from record industrial demand.

«"Silver is essential for the production of semiconductor chips for artificial intelligence and global data centers," emphasizes Kathleen Brooks, research director at XTB.

This massive use, coupled with a structural supply deficit, fuels fears of a medium-term money shortage, according to John Plassard.

Solid fundamentals

Independent analyst Ross Norman, interviewed by Reuters, said the current rise "is based on solid fundamentals" and not on speculative frenzy.

Silver, already close to this symbolic threshold in 2011 during the European debt crisis, is now regaining its role as a strategic and industrial safe haven, driven both by geopolitical tensions — in the Middle East and Ukraine — and by the explosion of needs related to AI.

A new sustainable cycle?

Between economic uncertainties, technological transformation and fear of missing an opportunity («FOMO»), white metal seems poised to shine brightly for the long term.

Gold retains its aura, but silver now stands out as the metallic reflection of a changing world, where refuge and innovation advance hand in hand.

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