Silver around $94 per once, expert reveals what’s driving demand and what to know before investing

Silver has surged in recent weeks, currently trading at $ 93.85 USD, and experts predict the price of the precious metal will continue to soar in 2026.

With this in mind, Rick Kanda, Managing Director at The Gold Bullion Company, has discussed the rising price of silver and what people should consider before investing in the precious metal.

The price of silver in 2026.

“The price of silver rose massively throughout 2025, ending the year with a near-150% gain.  This rise was driven by a combination of severe supply shortages, surging industrial demand, and geopolitical uncertainty, which has continued into 2026, driving the price of silver to remarkable highs so far this year. Tensions currently driving a strong demand for precious metals are due to the conflict between the USA and Venezuela, as well as the Greenland dispute between the USA and Europe. At the time of writing, the silver price is hovering around $94.00, suggesting a continuation of investors seeking these ‘safe-haven’ assets.”

“If you are willing to make a long-term investment, silver is a great starting point. Due to the substantial growth seen in the silver market over the past year, demand is likely to continue. However, it’s worth noting that the silver market is more volatile than gold, so investors should anticipate price fluctuations and approach with patience.”

What to know about investing in silver.

“Similar to gold, investing in silver bars and coins can serve as an inflation hedge as well as a portfolio diversifier. The main difference between the two is that silver comes with higher volatility than gold, as there is a much higher industrial demand, a smaller market size, and in the UK is subject to 20% VAT.”

“Factors like economic uncertainty and industrial demand cause silver prices to fluctuate constantly; however, silver is much more affordable than gold, making it within reach for smaller investors. The lower entry price point makes silver an excellent first step for anyone looking to dip their toe into precious metals. You can begin enjoying the potential benefits of holding a tangible asset that acts as an inflation hedge and portfolio diversifier, while gaining valuable hands-on experience in buying, storing, and managing physical bullion without the large commitment first.”