The global markets are witnessing an intense change. With the wobbly USD stance and macro developments shaping its trajectory, the world is now heavily invested in exploring precious metals as its last resort, hoping to find respite amid the ongoing market mayhem. The price of gold and silver has been rising steadily due to this, with the data suggesting that silver might turn out to be the biggest breakout asset, queued for the world to take note of in the future.
Also Read: Silver Hits Record High of $58, Analyst Predicts $95 Next
Silver Rising Up On The Market Radar
According to the latest post by the Kobeissi Letter, investors are now rotating towards silver ETFs, with physical silver-backed ETFs jumping to hit 15.7M ounces in November.
Moreover, year-to-date silver ETF holdings have also increased, 9 out of 11 months to be precise. Furthermore, the silver skew indicator has also jumped 8%, marking the highest premium over our options since 2022. It’s safe to say that silver is currently leading the market, with data indicating further prosperity in the near future.
“Investors are rushing into the silver market. Physical silver-backed ETF holdings jumped 15.7 million ounces in November. Year-to-date, silver ETF holdings have increased in 9 out of the last 11 months. Meanwhile, silver skew, an indicator of call-option volatility, jumped 8 percentage points over the last 2 weeks, to 10 percentage points, marking the highest premium over put options since March 2022. Put differently, betting on higher silver prices is becoming extremely expensive. Silver prices have soared +101% this year, on track for their 2nd-best annual performance in history, only below the +435% gain in 1979. Precious metals are on fire.”
The Asset’s Price Overhaul: The Real Momentum?
According to notable analyst Rashad Hajiyev, silver is moving strategically, eyeing a new high of $85 as it breaks away from its 14-year-old formation.
“My immediate target for silver is $85! Silver broke out in October 2025 from a 14-year formation. Presently it is going through a grand retest around the 2011 all-time high. Once the retest is completed, which I expect to happen in early November, I expect silver to initiate a parabolic run to $85 before the end of 2025. A $36 amplitude from the 2015-2020 bottom to the 2011 high applied to the all-time high just under $50 targets the $85 mark. Surely over time silver will rally to a triple-digit level, but $85 is my immediate target.
My target for gold is $4.9k, coupled with an $85 silver price, which suggests a gold-to-silver ratio (GTS) of 57. The 2016 and 2021 bull runs in precious metals ended at 66 and 62 GTS, respectively. So I guess 57 perfectly fits in when you connect 66 and 62 with a straight line. This post is not investment advice!”
Also Read: Silver & Copper Hit Fresh Records, Up 90% and 27%