October 8, 2025 Web Desk Silver
Following in the footsteps of gold, silver prices have soared to a historic peak, reflecting heightened investor demand and economic uncertainties worldwide. The precious metal’s rally underscores a broader trend in commodities, with experts attributing the surge to inflation fears, geopolitical tensions, and a weakening U.S. dollar.
According to market reports, silver reached an unprecedented $49.54 per ounce, marking a 3.37% daily increase and a staggering 62.12% rise year-over-year. This milestone eclipses previous records, with trading data showing the spot price climbing steadily amid volatile market conditions.
Gold, the traditional safe-haven asset, also posted robust gains. The global gold market saw a $84 per ounce uptick, pushing prices to $4,039 per ounce. Spot gold advanced 0.7% to $4,011 per ounce, while U.S. gold futures hit $4,033 per ounce. Year-to-date in 2025, gold has appreciated by an impressive 53%, outpacing many other investments and solidifying its role as an inflation hedge.
In Pakistan, the All Pakistan Sarafa Association reported sharp local increases. Gold per tola jumped by Rs8,400 to a record Rs425,178, while 10 grams of gold rose Rs7,202 to Rs364,521. These figures highlight the ripple effects of international trends on domestic markets, where demand from jewelers and investors remains insatiable.
Analysts forecast continued volatility for silver, with HSBC revising its 2025 average price outlook to $38.56 per ounce, citing sustained gold strength and renewed industrial demand. However, potential ranges of $45–$53 per ounce through year-end signal opportunities and risks for traders.
As precious metals shine brighter, investors are advised to monitor Federal Reserve policies and global supply dynamics, which could propel prices even higher.
