Silver price hits new record: Silver price today is trading near $66.5 per ounce. Silver is now up 130% in 2025. Rate cut expectations for 2026 are boosting precious metals. US unemployment has climbed to 4.6%, signaling cooling growth. Industrial demand from solar, EVs, and AI is tightening supply. Inventories remain strained globally. Analysts now see $70–$75 silver possible, though volatility risks remain.