[Spot Silver Price Hits 14-Year High at $49.8/oz] The spot silver price has broken its historical record, reaching $49.8/oz, a 14-year high, with a daily increase of 1.86%. The previous all-time high was $49.79/oz, set in April 2011. This price surge reflects strong market demand for precious metals, driven by the macroeconomic environment and heightened risk-averse sentiment among investors.