Silver prices have surged to unprecedented heights, hitting over $50 per ounce for the first time in decades, driven by a combination of a short squeeze and a rally in gold prices. Analysts suggest the metal could potentially double to $100 in the near future as investor interest intensifies amidst economic and geopolitical uncertainties. The London market is experiencing dramatic fluctuations, with silver prices rising more than 75% year-to-date and showing signs of further acceleration. Despite concerns about volatility and potential pullbacks, the market sentiment remains bullish as traders rush to capitalize on this historic surge in precious metals, prompting a notable increase in sales across coin shops and precious metal dealers.