Bybit x FXStreet TradFi Report: Silver outperforms gold YTD, with a target at $50
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Key Highlights:
Silver is trading around $38.80, its highest level since September 2011
This price is still 31% below its record high of $50, last reached in April 2011
Year-to-date, silver is up 34%, outperforming both gold (+29%) and the S&P 500 (+6%)
Industrial demand from EVs and solar adds long-term support to silver prices
RSI is near 70, but historically reached 85–88 before major peaks
A breakout above $40 could trigger a fast move toward a $50 record high
Trade with Bybit on Silver’s movements here.
Macro conditions and drivers
Silver continues to surge in 2025, recently crossing the $38 mark — its highest price since September 2011. While gold reached a fresh all-time high of $3,500 earlier this year, silver is still trading 31% below its own record of $50, hit in April 2011. This gap is drawing renewed attention from traders looking for upside potential.