Silver Price Surges to 12-Year High on Record ETF Inflows

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Comex silver futures experienced a dramatic surge, reaching an intraday high of $43.04/oz on September 15, 2025, at approximately 04:00-05:00 UTC, before settling at $42.83/oz—a 1.62% increase for the session. This significant price action, which occurred overnight into the start of the Asia/Europe Monday session, is the most important commodities development in the last 12 hours. The primary driver appears to be exceptionally high ETF inflows into silver, exceeding all of 2024’s total, pushing global holdings above 1.13 billion ounces and a value exceeding $40 billion. Economic Times Report This rally in silver significantly outpaced the gains seen in gold, which also saw a price increase, trading above $3,700/oz — a 40% year-to-date increase. However, silver’s daily and year-to-date percentage gains were considerably higher, highlighting its increased sensitivity to positive market sentiment in the precious metals sector. Economic Times Report

The sharp increase in silver prices stands out against the backdrop of other commodities markets. No significant macroeconomic catalysts, aside from the substantial ETF inflows and increased investor risk appetite for precious metals ahead of the upcoming US Fed meeting, were reported to explain this surge. Reports indicate that this significant movement was driven by investor sentiment and portfolio flows, rather than any major disruptions to silver supply. Economic Times Report The move appears isolated to the precious metals sector, with no apparent connection to broader macro trends reflected in the US Dollar Index (DXY) or the 10-year US Treasury yield (UST 10y). Economic Times Report

The reported data provides a snapshot of the market as of approximately 04:00-05:00 UTC on September 15, 2025, based on Comex settlement prices and commentary from the Economic Times. Economic Times Report While direct confirmation from major wire services like Reuters or Bloomberg is currently limited in available research, the Economic Times report highlights the significant price action and the unprecedented ETF inflows as the key drivers behind this remarkable silver rally. The increase in silver prices markedly surpasses the movements observed in other major commodities during the same period, making it the dominant event in the commodities market over the past 12 hours. Economic Times Report

The term structure of silver futures (contango or backwardation) is not specified in the available research. Similarly, the impact on other commodities such as WTI crude oil, Brent crude oil, COMEX copper (HG), and Henry Hub natural gas (NG) is not addressed in the provided data.

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