Silver Price Reaches Multi-Year High
On Friday, July 11, 2025, the silver price set a clear buy signal with an impressive breakout above the $37 per ounce mark. The price even rose to about $38.37, corresponding to a daily increase of around 3.65%. This move marks a multi-year high and could have significant implications for the market by further driving investor interest.
Technical Analysis: Consolidation and Resistance
The technical analysis shows that the silver price has stabilized in recent weeks, trading between approximately $35.48 and just above $37. The breach of the resistance zone around the $37 mark is viewed as a healthy sign for further price gains. Analysts see additional upside potential up to the psychologically important level of around $40, supported by the current weakness of the US dollar.
Fundamental Drivers and Market Forecasts
According to forecasts, an average silver price of about $37.79 per ounce is expected for the current quarter, with a tendency for further increases throughout the year to around $40.49. Key drivers of the upward trend include rising industrial demand, particularly in the field of green technologies, and limited resources.
In summary:
- Silver price has broken through the important mark of over $37, which is considered a strong buy signal.
- Current price is about $38 per ounce, close to a multi-year high.
- Technical indicators indicate further upside potential, possibly up to around $40.
- Fundamental factors such as industrial demand and dollar weakness support the price increase.
- Analysts continue to expect positive developments in the silver market with opportunities for sustainable profits for investors.
This development makes silver currently an attractive investment option in an environment of economic uncertainties and geopolitical tensions.