Silver joins the precious metals surge, eyes $50 mark

Silver is finally joining the rally that gold started months ago. According to Sunil Kashyap, Director at FinMet, silver had been lagging despite global inflows into precious metals, but has now broken past key resistance levels. The price move suggests silver could aim for $48 to $50 per ounce, last touched more than a decade ago.

The gold-silver ratio, which shows how many ounces of silver are needed to buy one ounce of gold, had gone as high as 107—far from its long-term average of 50–60. Now with silver rising and gold stabilising, the ratio is correcting and has dropped to around 90. Kashyap stated that this shift signals further room for silver to grow.

While gold continues to serve as a safe-haven investment, platinum has quietly outperformed, rising nearly 25% in just three weeks. Kashyap called the move “phenomenal” and pointed to platinum’s gains from around $880 to above $1,220 per ounce.

He also highlighted gold’s role as a strategic hedge, not just a trade. With its negative correlation to stocks, gold offers essential diversification during uncertain market conditions.

Also Read: Hindustan Zinc rethinks silver unit spin-off as prices rise

White metals like silver and platinum are also benefiting from improving industrial sentiment. Kashyap said easing tariff concerns are helping demand in sectors like solar, supporting what he called a strong breakout in these metals.

Also Read: Peter McGuire sees oil prices cooling, silver heating up

For the entire interview, watch the accompanying video

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