In a major macro shift, the silver price has now chased oil, hitting price parity with the asset, in a development not seen in decades. The price of silver now equals the price of oil, in a new breakthrough stance, making it more valuable as a credible safe haven asset in these times.

Also Read: A Once-in-a-Generation Breakout: Silver Price Chart Points to $96 Next

Silver Price Hits Parity With Oil

Silver price has been the new breakout asset of 2025. Apart from gold, silver has been outperforming major assets, rising steadily in the radar. In this process, it has hit a price parity with oil, as explained in detail by a post uploaded by the Kobeissi letter. The post outlines how one silver ounce is currently worth $63.80, which is more than the current price of WTI crude oil, priced at $57.30. To simplify this further, silver has surged more than 205% since 2022, leaving the markets stunned globally.

“BREAKING: Silver prices have reached parity with oil prices for the first time since the 1980s. One silver ounce is currently worth $63.80, or $6.50 more than one barrel of WTI Crude Oil at $57.30. By comparison, WTI crude oil prices were 5.5 times higher than silver prices in mid-2022. Since then, silver prices have surged +206%, while oil prices have dropped -44%.”

Additionally, WTI crude oil is having its worst year since 2020, as its price has been trading at its lowest since the pandemic year.

“Since then, silver prices have surged +206%, while oil prices have dropped -44%. WTI Crude is now on track for its worst year since the 2020 pandemic decline, down -20%, while silver is on its best annual performance since 1979, up +115%. We are witnessing a major macroeconomic shift.”

Silver Future Forecast

According to Rashad Hajiyev, the silver price is bound to increase with time, as its price chart shows developing new elements. For instance, the asset has now broken a cup and handle formation that it was in for the past 45 years, with predictions of the asset hitting $70 soon.

Hajiyev later shared how his immediate price target for silver is $75, with the asset claiming the aforementioned price in the next two weeks.

“My immediate minimum target for gold is $4.7k and silver $75 within the next 2-3 weeks (not investment advice)…”

Also Read: Silver Overtakes Bitcoin and Amazon Market Cap