Dec 19, 2025
3 min read
Silver prices rose to a record high on Friday as silver trading volumes surged on the New York Mercantile Exchange and on the Shanghai Futures Exchange silver contract.
Silver prices hit record highs in Comex and Shanghai futures trading
SILVER prices recovered on Monday, returning to the all-time high reached on Friday in the London market, after the increase in the price of silver on the Comex in New York followed by the increase in the income of the silver contract on the Shanghai Futures Exchange, writes Atsuko Whitehouse in BullionVault.
Today London bullion prices erased Friday's late 1.2% drop after the London bullion auction at 3pm to hit a new high of $4,346 an ounce.
As a result, the safe-haven metal rose 2.5% from last Friday, marking its fifth straight week of gains.
The price of silver, which now finds almost 60% of its annual demand in industrial use, also recovered much of Friday's surprise slide, hitting a peak above $ 64 an ounce in London today, after reaching $ 64.65 at the peak of last week.
Friday's trading volume on US Comex silver futures and options rose to a daily high.
Silver futures trading volume on the Shanghai Futures Exchange (SHFE) jumped to the highest since May 2024 today, while the price of bullion on the Shanghai Stock Exchange fell 1.1% in yuan terms from Friday's new all-time high on the SGE benchmark of 14,910 yuan per gram.
"Silver is supported by continued demand for real assets and tight supply opportunities supporting its price," the strategy team at derivatives platform Saxo Bank said in a recent note.
Silver-backed giant SLV ETF rose 0.1% last week to its highest level since July 2022 and rose 3.1% for the month, its fastest pace since all of June.
The most industrialized precious metal rose 11.0% in London last week, the largest increase since the peak of the first wave of the Covid crisis in August 2020.
"Undoubtedly the main driver of Friday's increase was a strong silver rally," said Bruce Ikemizu, editor-in-chief of the Japan Bullion Market Association, noting that silver trading volume on the Comex rose to a new price last week.
ETF-backed trusts also rose last week, recovering from levels reached by record prices for the precious metal in mid-October, with giants SPDR Gold Trust (NYSEArca: GLD ) and iShares Gold ETF (NYSEArca: IAU ) seeing net investor inflows of 0.3% and 1.1%, respectively.
ON SGE continued to trade just below China's all-time high from October 17 today, rising 1.3% to 978 yen per gram.
Asian stocks fell, after Wall Street fell on Friday, led by high AI prices.
European shares rose with the Stoxx pan 600 up 0.8% on Monday, while US stock futures also rose.
The price of the euro hit a new record high on Friday at the London auction at 3,702 euros, while the UK price in pounds per ounce made up the bulk of the losses recorded in the final session of the previous session.It fell to a new high of 3,251 pounds.
In the final week before Christmas and after last week's much-anticipated dollar rate cut by the US Fed, markets will turn their attention to the Bank of England and European Central Bank meetings on Thursday, which are expected to result in a 0.25% cut for the UK, while the 20-nation eurozone is unchanged, followed by the Bank of Japan on Friday, which traders favor.interest rate increase by 0.25%.
U.S. jobs data for November will be released on Tuesday, the first major reading on labor market conditions in the world's largest economies since the government shutdown, followed by the U.S. consumer price index for November on Thursday.
