Kitco Silver Chart July 11, 2025

Silver - The Last Commodity To Blast Off!

By SweptOverNiagara | Morning JAVA | 13 Jul 2025


One commodity after another has been hitting new highs over the past couple of years with cocoa bean prices leading the way when in December, 2024 the price surpassed $12,000 per ton.  Another commodity, staple rice, has doubled in price in Japan this year due to drought in 2023. Drought also affected coffee prices, having almost doubled between September 2024 and March, 2025.

Bitcoin just hit a new record high above $117,000 while gold recently hit a record high above $3,500. Then, there's Dr. Copper, which just had a record weekly close above $5.50 per pound!

 

Copper Record Weekly Close July 11, 2025 Copper Record Weekly Close July 11, 2025

 

But... there's one commodity that's been a holdout to the bitter end. Even now, this commodity still has not breached its 1980 high, even though everything else under the sun has gone up in price, from movie tickets to popcorn to beef to gas to homes and haircuts too! This one commodity, as it turns out is by many accounts the most important metal used in industry today... and to think people once used it as money!

Of course, I'm talking about silver. Silver, like gold is traded on the COMEX and LBMA, except most of it is just paper instruments being passed off as the real deal, often with a ratio of 100:1 or more. As with gold, silver prices have been manipulated downward with these paper instruments and is probably why it is the last commodity to still not breach its 1980 high of $50.

Want proof? Here's some proof for ya! 

 

57% silver supply dumped in 1 hour! July 11, 2025. 57% silver supply dumped in 1 hour! July 11, 2025.

 

Yea... and this is not the first time they've tried to pull something off like this. You think 483 million is a lot? They've dumped as much as 600 million ounces this way in an effort to suppress prices. They can do this because it's all just paper promises but when investors want physical instead of paper as we're beginning to witness and there isn't enough physical to cover demand, we can expect fireworks.

On Friday, silver closed above $38 for the first time since September 2011, having climbed more than a dollar on the day. Between Wednesday and Friday, silver has climbed more than $2. Silver stackers haven't seen silver at this price in almost 14 years!

Kitco Silver Chart July 11, 2025

I should point out that where gold goes, so does silver... eventually!

 

Gold outperformed stock market last 25 years. Gold outperformed stock market last 25 years.

 

Silver is very near to finally breaching its 1980 high and when it does, it will top the headlines. Its rise in dollar value may be one they'll call 'historic'. As silver gets more attention, more will realize its incredible potential.

It's not too late to get your hands on some but I can almost guarantee you, it will get harder to get some silver and also much more expensive as premiums have already gone up substantially.  In the end, diversification is key. Having a bit of silver on hand certainly wouldn't hurt!

Finally, I'll end this post with... 'The U.S. dollar is having its worst year since Richard Nixon was President'.

 

PrintPapa Wall Stickers! PrintPapa Wall Stickers!

How do you rate this article?

47


SweptOverNiagara
SweptOverNiagara

Name's Joe and I live in Ontario, Canada. I like writing on a wide variety of topics. I enjoy keeping track of markets, investing and commodities and the crypto sector. Also do some coding for web browsers.


Morning JAVA
Morning JAVA

Formerly 'The Brave New World', my blog has a new name, 'Morning JAVA'. Practically all of my posts are written and published in the morning, as I sip coffee. I'll write on a wide range of topics but mostly tend to focus on precious metals, finance and the state of the economy. I'll often touch on the WOO as I'm a big fan of Clif High's work. If you enjoy a good read and a good coffee, this blog is for you. Thanks for your support.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.