Andrey Litvinov

October 2025 will be remembered in the precious metals market as the month when silver briefly reclaimed center stage, breaking through the long-standing psychological barrier of $50 per ounce—only to retreat below that mark within days. What seemed like a long-awaited vindication for silver bulls turned into a lesson in how fragile momentum can be in a market riddled with structural deficits, supply bottlenecks, and mounting geopolitical and economic uncertainty. To understand what truly happened—and what it reveals about silver’s role in the global financial system—we need to look beyond the headlines and into the deep mechanics of this volatile metal.

Something extraordinary is happening in global finance, and it’s written in gold. In 2025, gold has shattered all historical records, with the spot price soaring beyond 4,200 dollars per ounce and, according to “Société Générale,” potentially heading for 5,000 by the end of 2026.