Silver prices break through $115, with gains surpassing Bitcoin's performance since 2017

Odaily Planet Daily reports that on Monday, silver prices surged strongly, briefly breaking through $117 per ounce to hit a new all-time high, then falling back to around $105 by the end of the US stock market session. This increase has caused the total gain in silver since the 2017 crypto cycle peak to officially surpass Bitcoin.

Data shows that at the end of 2017, silver was priced at about $17. Even after a correction, the current total increase is approximately 517%; in comparison, Bitcoin rose from about $20,000 at the end of 2017 to around $87,700 now, an increase of about 500%. During the same period, gold’s gain was slightly below 300%.

Along with the price surge, trading volume of silver-related ETFs has significantly expanded. The iShares Silver Trust (SLV) traded over $32 billion on that day, about 15 times its average daily volume, and temporarily became the highest-volume single security globally, surpassing the S&P 500 ETF and popular US stocks like Nvidia and Tesla.