Silver has been steadily climbing throughout 2025, recently surpassing $52 per ounce — a new record high. Gold has followed suit, hovering above $4,000 per ounce, underscoring a global shift in how precious metals are valued.
For those of us who work with sterling silver every day, this trend hits close to home. At Vogt Silversmiths, we use solid .925 sterling silver in every piece — from belt buckles and bracelets to jewelry and bolo ties — so the value of silver directly affects the cost of our craftsmanship.
Why Silver Is Soaring
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Industrial Demand: Silver is essential in solar panels, electric vehicles, and technology manufacturing. As global clean energy adoption grows, silver demand continues to surge.
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Supply Shortages: The Silver Institute projects another year of deficit in 2025, meaning demand is outpacing available mined and recycled silver.
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Gold’s Influence: As gold climbs to record highs, investors often turn to silver as the next best store of value — fueling additional demand.
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Inflation & Market Sentiment: With economic uncertainty and inflation concerns, investors and manufacturers alike are treating silver as both a safe haven and a necessity.
A Message from Chet Vogt
“Silver isn’t just metal — it’s part of our story,” says Chet Vogt, Founder of Vogt Silversmiths. “We’ve been hand-engraving sterling silver for generations, and we take pride in maintaining fairness and craftsmanship even as the market changes. We want our customers to understand what’s happening — not to rush, but to make informed choices before prices move higher.”
What This Means for You
We remain committed to fair and transparent pricing, but as silver and gold prices rise globally, we’ll continue to adjust responsibly to reflect the real value of the materials we use.
If you’ve had your eye on a new buckle, bracelet, or heirloom piece, now is a good time to order — before silver continues to climb.
Stay Informed
You can track live silver and gold pricing at Kitco.com and The Silver Institute. We’ll also continue to share updates here as the market evolves.
Vogt Silversmiths
Sterling Silver. Made by Hand and Heart, One at a Time.
So appreciate you sharing the soaring costs of the precious metals used in your jewelry making. Sad that some of the things we love to buy and wear are becoming less frequent purchases, though no fault of yours. I will continue to wear Vogt.
Thank you for being proactive by taking the time and honestly explaining to your customers what you are facing to run your business and provide beautiful high quality craftsmanship pieces.
Many companies would simply pass on the price increases with little to no explanation.
As a rodeo photographer, Vogt will always be my first choice to proudly honor the western lifestyle.
I think this is an excellent communication and very accurate. As a customer I truly appreciate your straight forward honesty. Good luck as you navigate a wild metals market!
Best Regards