Silver dey do well for market! E reach 18-month high against gold on Thursday, as market dey prepare for Thanksgiving 2025. Dis one dey happen as Russia President Putin call the US 'peace plan' for Ukraine a 'serious' proposal.
Base metal copper, like silver wey people dey use for industry, dem forecast say e go get shortage for 2026. Crude oil self dey go up from Tuesday's low.
According to Reuters, even though silver no dey perform pass gold too much, e dey gain ground without all the media attention wey gold dey get. Silver price reach $54 per Troy ounce before e settle around $53.35 for London market.
Why Silver Dey Important?
Silver no be just anyhow metal. People dey see am as 'store of value' wey dey protect against inflation. When inflation dey go up, silver dey help people maintain their purchasing power.
- Industrial Use: Dem dey use silver for many industries, from electronics to medicine.
- Investment: People dey buy silver as investment, especially when economy no dey stable.
- Jewelry: Plenty people like silver jewelry because e dey fine and affordable.
Silver vs. Gold
Even though gold dey popular, silver dey offer some advantages. Silver price dey move more than gold, so e fit give investors better returns if dem know how to play am well.
As of November 26, 2025, silver dey trade at $52.28 per ounce, wey be about 87 cents more than yesterday morning. E don gain about $22.18 for the past 12 months.
So, if you dey think of investing, silver fit be good option. Just make sure say you do your research well before you put your money inside.