Silver Prices Skyrocket 166% in 2025 as Supply Crisis Deepens
Silver prices surged dramatically in 2025, climbing by over 100% in just one year. By January 2026, the silver price today had jumped from €27.76 per ounce to €78.29, driven by soaring industrial demand and tight supply. Meanwhile, Russia's Yakutia region reported a record-breaking increase in silver production, exceeding 500 tons for the first time ever.
Global silver markets faced intense pressure in 2025 as demand outstripped supply. Industrial sectors like solar energy and AI semiconductor manufacturing pushed the silver price today up by 166.73% year-over-year by February 2026. Analysts noted a supply deficit of around 25,000 tons in 2024, with no signs of easing in 2025 despite recycling efforts.
In Yakutia, local producers achieved a historic milestone by extracting 587 tons of silver in 2025—a 90% rise from 2024. The region's key mining districts, Verkhoyansk, Tomponsky, and Kobyaysky, led the output surge. Major companies like Prognoz JSC, Prognoz-Serebro LLC, and Geopromining Verkhnemenkenchek contributed to the record figures.
Yakutia's Minister of Industry and Geology, Maxim Tereshchenko, confirmed plans to sustain these production levels in the coming year. However, no evidence suggested that Yakutia's output alone could offset the global supply shortfall, which remained a key factor in the silver price rally.
The sharp rise in silver prices reflects both industrial demand and persistent supply constraints. Yakutia's production boom marks a regional high but does little to ease the wider market deficit. With prices nearing €80 per ounce, the silver price outlook remains tightly linked to industrial growth and investment trends.
