The price of silver today, as of 9:12 am ET, was $37.00 per ounce. That’s up 0.78% from yesterday’s silver price of $36.71. Compared to last week, the price of silver is down 3.09%, and it’s ...

"Silver is up 25% from a year ago and has room to run higher, with many analysts predicting $40 per ounce by end of year," says Brett Elliott, director of content at precious metals marketplace APMEX.

Silver isn't a better or worse investment than gold now as that determination is often made on a case-by-case basis, dependent on the individual investor and their budget and goals.

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.

Spot silver rose as much as 4% to $38.47 an ounce, the most since September 2011. US silver futures climbed even higher, with September contracts hitting $39.12 an ounce.

Silver also has contracts trading at COMEX and NYSE Liffe. The contracts are for 5,000 ounces, and they are traded at both exchanges. COMEX also has an e-mini silver futures contract for 2,500 ounces.

Photo: Lauren A. Little/MediaNews Group/Reading Eagle/Getty Images Gold gets all the glory, but silver prices have surged nearly as much this year, up 27% to the highest levels in more than a decade.

If you had invested $5,000 in silver in January 2010, you would have purchased 218.05 ounces. By January 2024, your silver holdings would be worth $5,052—a 1% increase.

While silver doesn't approach the value of gold by weight, it has many industrial applications in fields such as electronics. Here's how to invest in it.

Silver certificate dollar bills can no longer be exchanged for silver, but the date, grade, and unique features make certain certificates very valuable.