Bybit x FXStreet TradFi Report: Silver outperforms gold YTD, with a target at $50

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.