Silver Price Breaks Through $115, Outperforming Bitcoin's Performance Since 2017

Odaily News On Monday, the price of silver surged strongly, breaking through $117 per ounce during the session to reach a new all-time high, before retreating to around $105 near the close of U.S. stock trading. This rally has officially pushed silver's cumulative gain since the 2017 crypto cycle peak beyond that of Bitcoin.

Data shows that silver was priced around $17 at the end of 2017. Even after the recent pullback, its cumulative increase remains approximately 517%. In comparison, Bitcoin has risen from its late-2017 high of around $20,000 to its current level of approximately $87,700, representing a gain of about 500%. Over the same period, gold's increase has been slightly below 300%.

Alongside the price surge, trading volume for silver-related ETFs has expanded significantly. The iShares Silver Trust (SLV) saw daily turnover exceed $32 billion, roughly 15 times its average daily level. It briefly became the single security with the highest trading volume globally, surpassing the S&P 500 ETF and popular U.S. stocks like Nvidia and Tesla.