Silver's value surpasses oil for the first time in 45 years, with silver at $60 per ounce and oil below $60 per barrel. Silver has surged 110% and oil has dropped 22% this year, marking a significant shift in the commodity market hierarchy.

Silver has surpassed a milestone not seen since 1980, with its price now exceeding $60 per ounce, while oil remains below $60 per barrel. This means that currently, one ounce of silver can purchase more than a single barrel of oil, a situation last observed in January 1980, if disregarding the anomaly in April 2020 when WTI futures briefly went negative. This shift is not only significant by itself but also signifies a major change in the global commodity markets. Year-to-date, silver, as represented by the iShares Silver Trust (NYSE: SLV), has surged by 110%, while oil has plummeted by 22%. Consequently, the silver-to-oil ratio has reached new record highs, indicating a remarkable trend. This evolution is highlighted as "Silver Completes 45-Year Revenge Against Oil", illustrating how silver has outperformed oil significantly in recent times. This development signifies a notable turnaround as for years, oil was the predominant commodity dictating economic growth trends.