Historical context suggests that silver hitting $100 per ounce is a price milestone within reach. Colin Anderson/Blend Images/Getty Images

Silver prices have climbed steadily over the past five years, rising from around $20 per ounce in 2020 to just under $50 per ounce today. The 2025 price rally has been particularly notable, however, with prices finally breaking past their previous all-time highs. This upward trend reflects investors flocking to silver amid a combination of persistent inflation, a weakening U.S. dollar, increased central bank demand and investors seeking safe-haven assets during economic uncertainty.

With silver's price nearly double what it was in 2020, the next question on investors' minds is whether it could realistically hit $100 per ounce. That mileston

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