International silver prices hit the $100 an ounce mark for the first time ever on Friday, extending a solid rally. Spot prices for the white metal soared 4.2% to as much as $100.29 during New York trading hours.

The prices more than doubled in 2025 and has already surged 40% in the new year.

Geopolitical tensions have driven investors to the safe haven allure of precious metals like gold and silver. The bullion has risen 15% so far in 2026. The yellow metal also hit a fresh high of $4,967 an ounce on Friday.