The silver price recently reached a multi-year high by jumping above the $37 per ounce mark, recording approximately $38.37 on July 11, 2025, which corresponds to a daily increase of about 3.65%. This surge is part of a longer-term trend: over the last month, the price rose by about 5.59%, and compared to the previous year, it increased by almost 25%.
What Drives the Silver Price?
This development could be significant for private investors and retail investors, as silver is traditionally seen as a safe haven in economically uncertain times. The current weakness of the US dollar further enhances the upward trend and gives the precious metal a boost. Technically, the market is currently consolidating between about $35.50 and just above $37; a breakthrough above the resistance zone at around $37.50 could pave the way for a target around $40.
Industrial Demand and Supply Shortages
The reasons for the price increase lie not only in the dollar weakness but also in rising industrial demand – particularly due to green technologies – as well as potential supply shortages. Analysts therefore predict a further increase in the silver price to approximately $40 to over $42 in the coming year. In the long term, under certain geopolitical or economic conditions, prices beyond $80 or even up to $100 per ounce could be possible, although this would necessitate significant market changes.
For private investors, this price jump represents a potentially attractive opportunity to diversify their portfolios with a precious metal that is regarded as both a hedge against inflation and a safeguard against crises. At the same time, they should closely monitor market volatility as well as global economic developments.
In summary:
Current silver price: approx. $38/ounce, multi-year high reached
Short-term trend: consolidation between approx. $35–37, possible breakout towards $40
Drivers: Weak US dollar, rising industrial demand (green technologies), supply shortages
Forecast: Further increase to approx. $40–42 next year likely
Importance for investors: Opportunity for investment diversification and protection against uncertainties
This dynamic makes silver particularly interesting for private investors and retail investors at this time.