Silver Topples Oil: An Ounce Buys More Than a Barrel Of Crude - iShares Silver Trust (ARCA:SLV)
Benzinga·2025-12-13 04:37

Silver has finally crossed a threshold untouched since 1980. Today, the white metal trades above 60perounce,whileoilsitsbelow60 per ounce, while oil sits below 60 per barrel.In essence, that means one ounce of silver can now buy more than a single barrel of oil, a dynamic unseen since January 1980, if excluding the technical distortion during April 2020 when WTI futures briefly went negative.The reversal is striking on its own, but it also signals a tectonic shift in the hierarchy of global commodity markets.Year-to-date, silver – a ...