Why Silver Has Become More Expensive And What That Means for Armenian Handmade Jewellery

Silver prices have surged dramatically in recent months. In early 2026, silver climbed to around $90 per ounce, hovering near record highs and up sharply from a year ago. This rise comes after an extraordinary run: silver’s price jumped more than 150% in 2025 and continued its upward trend into 2026.

There are a few clear reasons behind this increase:

1. Strong Industrial Demand.

Silver is no longer just a precious metal, it is a key material used in solar panels, electric vehicles, electronics, and advanced technologies. Growing demand from these industries means more silver is being used and less is available on the market.

2.Tight Supply

Global silver production has struggled to catch up with demand. Silver is often mined as a by-product of other metals, so even when prices rise, production doesn’t increase quickly. This has contributed to a persistent supply deficit.

3. Investment and Safe-Haven Buying

Investors have poured record amounts of money into silver-linked funds, treating silver not just as a metal but as a hedge against economic uncertainty and inflation.

What This Means for Armenian Handmade Silver Jewellery

For artisans and buyers of Armenian handmade silver jewellery, these market shifts are important:

• Material Costs May Rise: Higher silver prices often mean the raw material used in jewellery such as sterling silver used in traditional Armenian designs becomes more expensive for craftsmen.

• Handmade Pieces May Reflect Value: Because Armenian handmade jewellery is carefully crafted and often uses higher-grade silver, rising silver prices can reinforce the perceived value and uniqueness of each piece.

• Collectible Appeal: Jewellery inspired by Armenian heritage like intricate silver pendants and traditional motifs can become more desirable as silver’s market value increases.

In short, while global silver prices rise for macroeconomic and industrial reasons, beautiful handmade silver jewellery continues to represent both cultural artistry and enduring material worth — a meaningful combination for collectors and gift buyers alike.