Silver prices hit a 14-year high in September 2025, driven by strong demand from investors, industry, and countries like Türkiye.

Global silver prices hit a 14-year high of $44.13 per ounce in September 2025, up 47% from the year’s start, fueled by strong investment demand, industrial use in electronics and electric vehicles, and rising consumption in India. In Türkiye, silver prices jumped 77% from January to mid-September, making gold increasingly unaffordable and prompting a shift toward silver for savings and wedding gifts. Monthly silver imports rose 35% by August compared to 2024, reflecting surging domestic demand. Analysts cite geopolitical tensions, uncertain trade policies, and expanding uses in technology and clean energy as key drivers, with financial institutions forecasting further price increases into 2026.