Silver Price Today on March 25, 2026 - USA Today

The gold-silver ratio has compressed to roughly 63:1, down from the 80+ levels we saw through most of 2024. This isn't just momentum trading. Industrial demand for silver in solar and EV applications keeps tightening supply while investment demand finally wakes up to silver's undervaluation. COMEX registered silver inventories remain historically tight. When silver moves, it moves fast and hard. We've seen this movie before in 2011 and 2020. The difference now is the structural deficit isn't going away. Every manufacturer needs silver for the green transition. Physical premiums are holding steady, which tells me dealers aren't panicking about supply yet. But they should be.