---
title: "Silver Price Outlook – December 2025"
site: "Monex Precious Metals"
domain: "https://www.monex.com/"
type: "Post"
last_updated: "December 10, 2025"
canonical_url: "https://www.monex.com/silver-price-outlook-december-2025/"
markdown_url: "https://www.monex.com/silver-price-outlook-december-2025.md"
---

# Silver Price Outlook – December 2025

“Silver prices rose over the course of November, ending the month at a fresh all-time high. The strength in silver prices has been remarkable but not surprising. Silver’s current breakout is broadly consistent with historical patterns in which the metal initially lags gold but subsequently outperforms during extended precious-metals bull markets.

 

While silver prices increased around $10 in five trading days at the end of November and the beginning of December, CPM Group continues to expect further gains in silver over the medium term. There could be a pause and retracement first, however. One of the primary factors holding silver back in recent years, when gold broke numerous record highs, was past investors selling their holdings into price gains, offsetting the positive impact of new investors adding to their silver holdings. These past investors who had purchased silver in anticipation of unrealistic silver price levels were disillusioned by the metal’s weak performance since hitting its previous record levels in 2011 and then spiking upward in 2021.”

 

The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, [www.cpmgroup.com](https://cpmgroup.com/store/)