Silver price delivers its most dramatic year near $64 as silver prices overtake oil in a rare reversal not seen since the 1980s — here’s the silver price outlook

Silver Price Today: Silver prices have surged past oil prices for the first time in four decades. Silver trades near $64 an ounce, while WTI crude hovers around $57. The reversal last appeared during the early 1980s commodity boom. Silver is up over 120% in 2025. Oil is down nearly 20% this year. Tight supply and industrial demand are driving silver’s rally.