Silver prices just smashed a new record. What does this mean for the economy?

Silver is giving gold a run for the money.

The precious metal has more than doubled in value since the start of the year and broke a fresh record on Tuesday, rising above $60 per troy ounce on New York’s Commodity Exchange for the first time ever. Now it’s up 102 percent for 2025 — far outpacing the record-building rush that has lifted gold 59 percent.