I love looking at charts near the end of the year to see what worked, what did not, and most importantly, what happened that everyone missed. Silver, this year, falls perfectly into the category of what everyone missed because while 2025 was dominated by tech stories, politics, AI, and other things, another move was building quietly in the background all year.

Few ever paid attention to it.

The smartest money is rarely the loudest money. Anyone can talk, few can find the winners and hold on.

Enter, Silver.

Behind the scenes of 2025, the entire year, the second largest metal on earth and its corresponding ETF were outperforming everything. The Silver ETF SLV is up 125% since the start of the year outperforming Bitcoin, S&P 500, NVIDIA, OpenAI, you name it and the list goes on.

Note: It was a year of precious metals beyond silver. Considering Gold’s sheer market cap, it’s 50%+ YTD move is equally remarkable – more on this later – blog post coming.

So, first, congrats to all the long-term silver investors. I believe the chart I made on Finviz encapsulates the move better than any words can: