Silver Near $45 for First Time in 14 Years Amid Strong Economic Data

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Spot silver soared above $46.00, recently touching the $45 an ounce level in late September. The powerful and enduring rally in precious metals this year has lifted silver as much as 55% in 2025, outpacing the 43% gain in gold. The push to fresh highs in silver comes alongside news that the U.S. economy grew at a faster pace in the second quarter.

The third estimate of Q2 U.S. GDP came in at 3.8%, which is higher than the previous estimate of 3.3%. Upward revisions to consumer spending contributed to the better number. This followed a negative reading in the first quarter of the year, which revealed that economic growth shrank by 0.6%.

Other economic news also surprised on the upside, including a 2.9% jump in August durable goods orders. Following two months of declines, big orders for military and civilian aircraft lifted the report. Military aircraft and parts saw a 50% surge in orders in August, the Commerce Department said.

Americans Still Struggle To Buy A Home

On the home front, however, fresh data reveals that Americans who want to buy a home are still struggling. In August, home sales slipped in August by 0.2%, due in large part to high home prices and elevated mortgage rates. The median home price jumped to $422,600, which is a 2% increase from a year ago and the highest price ever recorded for the month of August. Mortgage rates fell slightly recently, but 30-year mortgage rates are still considered high, at around 6.26%.

Precious Metals Stand Out As Best Performing Asset Class in 2025

Precious metals remain the favored asset for investors as economic news remains mixed. While some new data reveal growth, inflation remains higher than the Federal Reserve’s 2% target, and everyday Americans remain challenged by high interest rates.

The precious metals markets stand out as the best performing asset class in 2025. Gold has set dozens of new record highs this year. A 10% decline in the U.S. dollar, active central bank gold buying, and ongoing geopolitical tensions and wars are supporting the upward trend in gold.

Gold is on pace for its best performance in 46 years. It’s notable that gold is performing so well, even while stocks have climbed moderately this year—but the stock market is rising in part due to monetary debasement—the U.S. dollar is down 10% this year, the Fed cut rates recently, and the U.S. money supply is rising again.

Silver is climbing with support from its dual demand stream. Silver is both a precious and widely used industrial metal. Investors have piled into silver amid a risk-off mood in the stock market

and a desire to diversify into a metal that both protects against stock market volatility and also benefits from increased industrial and manufacturing uses.

Investors On the Sidelines May Be Missing Out

Analysts say the rally in precious metals has further to go. Near term, silver sees a target at $50 an ounce, and gold’s next objective is $4,000. As investors on the sidelines have experienced this year, it’s costly to underestimate the historic and powerful precious metals rally we are seeing now. Don’t wait to get involved. Consider increasing your allocation to the safety and growth that precious metals provide. There’s more upside ahead.

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