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NBA commissioner Adam Silver speaks to the media during a press conference before the Pacers’ Game 1 win over the Thunder in the NBA Finals on June 5, 2025 at Paycom Center in Oklahoma City.

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Silver has soared to the key milestone of $35 per ounce, reaching its highest level in more than 13 years, propelled by robust industrial demand and ongoing supply deficits, analysts said.

Here's what experts say you should know about silver's price trends and what they could mean for your portfolio.