from SD Bullion:

Silver Highest Nominal Monthly Price Close Ever

Silver finished October 2025 with its highest nominal monthly close ever, up +64% year to date. But the fundamental drivers of the world’s silver market—now and in the future —are what matter most. The gold and silver markets traded flat, slightly down on the week. The spot silver price ended the week at $48.58 oz bid. The spot gold price closed the week just above the key round number at $4,003 oz bid. The spot gold-silver ratio fell a few ticks, given silver’s relative strength versus gold, ending the week at 82.