Silver Sets New Record in Canadian Dollars
The comments below are an edited and abridged synopsis of an article by Canadian Coin News
Silver Reaches Historic High in Canadian Dollars
On September 22, 2025, silver achieved a historic milestone in Canadian dollars, reaching CDN$60.17 per ounce. This marks the highest value ever recorded for silver in Canada, surpassing the previous record of approximately CDN$58.77 set on January 17, 1980. At that time, silver’s price was influenced by the Hunt brothers‘ attempt to corner the silver market, leading to significant volatility.
The current surge in silver is attributed to several key factors. Firstly, the US dollar’s depreciation against the Canadian dollar has amplified the value of silver when priced in Canadian terms. As of September 22, the exchange rate was near 1.38, making silver more expensive in Canada. Secondly, investor demand for safe-haven assets has increased amid global economic uncertainties, driving up the silver price. Additionally, expectations of lower US interest rates have further contributed to the rally as investors seek assets that perform well in such environments.
The Silver Maple Leaf, Canada’s flagship bullion coin, has seen a sharp increase in value, reflecting the broader trend in the silver price. Collectors and investors continue to favour the Maple Leaf for its purity, recognizability, and strong secondary market demand.
Analysts note that the current rally is driven by different factors than those in 1980. Unlike the speculative pressures of the past, today’s gains are fueled by fundamental economic factors and a shift towards tangible assets. This has led to increased valuations on coins such as the Silver Maple Leaf, while also magnifying exposure to volatility in both metals and exchange rates.
In summary, silver’s record-setting price in Canadian dollars reflects a combination of currency dynamics, investor behaviour, and economic expectations. While the market remains volatile, the current trend underscores a renewed interest in silver as a valuable asset in uncertain times.
A Note from BMG on Silver’s Record in Canadian Dollars
Silver reaching a new record in Canadian dollars is more than just a milestone—it highlights the growing significance of precious metals in today’s economic environment. At BMG, we view this historic price point as a reflection of both currency dynamics and increased investor demand for tangible, reliable assets amid global uncertainty.
This record underscores why diversification into physical precious metals, such as silver, remains a key strategy for wealth preservation. As the market evolves, being informed about these developments is crucial for investors seeking stability and protection against currency fluctuations and economic volatility.
BMG remains committed to providing insights and solutions that help Canadians safeguard their wealth through a disciplined, strategic approach to precious metals investing.
