For three consecutive days, silver prices reached new highs, surpassing $45, $46, and now $47 per ounce. On September 29, 2025, the metal climbed to $47.05, marking a 2.13% daily increase and a 50.61% rise from the previous year. This growth is attributed to strong industrial demand and supply shortages. In 2024, industrial consumption outpaced supply by 182 million ounces, while Russia announced plans to purchase $535 million in silver over three years.
Robert Kiyosaki, known for his “Rich Dad, Poor Dad” series, recently predicted that silver could multiply fivefold from its current level, targeting nearly $250 per ounce. This assertion aligns with long-term projections from figures like Bo Polny, who has consistently forecasted similar outcomes. Meanwhile, gold also set a new record high, though the author noted skepticism toward Peter Schiff’s criticisms of cryptocurrency.
The writer emphasized that silver’s recent surge validates earlier predictions, citing previous dismissals of forecasts exceeding $30 per ounce. Despite the current price, the article suggested opportunities for further gains, urging readers to consider physical gold and silver over paper-based investments like exchange-traded funds (ETFs). The text highlighted risks associated with paper contracts, warning that they could lose value abruptly.
The author also referenced two companies—Miles Franklin and Genesis Gold—for purchasing physical precious metals but omitted direct promotional details as per the instructions. The focus remained on market trends rather than specific recommendations.