The commodity markets are currently in a dynamic phase, in which particularly silver and copper are gaining significantly in value. Silver has reached a 13-year high, while copper is at a record level. These developments are highly relevant for investors as they reflect the underlying dynamics of the commodity markets and offer attractive investment opportunities.
Silver: A Safe Haven
Despite short-term fluctuations, the price of silver was around 36.41 USD per ounce in July 2025 (as of 08.07.2025), which is close to historical highs. The achievement of a 13-year high signals strong demand or supply shortages, making the precious metal attractive as a safe haven and industrial metal.
Copper: An Indicator of Economic Strength
The price of copper has also developed strongly and is currently around 12,235 USD per ton (as of early July 2025). Forecasts for the remainder of the year show an overall stable to slightly positive trend with minor fluctuations between about 9,000 and over 11,000 USD per ton. Some analysts, like UBS Global Research, even expect prices around 11,000 USD by the end of the year.
Factors for Price Increases
- Global Economic Activity: Copper is widely used in industry and construction; increasing demand from fast-growing regions drives the price.
- Supply Constraints: Production volumes can be limited by political measures (e.g., US tariffs) or production problems.
- Inflation Hedge & Investor Interest: Precious metals like silver are seen as a hedge against inflation and geopolitical uncertainties.
For investors, this means opportunities for value appreciation, portfolio diversification, and the consideration of risks, as volatility remains high. Political interventions or demand drops can quickly influence prices.
Overall, silver and copper currently show strong upward dynamics in the commodity market, driven by both fundamental factors and speculative interest – an important indicator for investors assessing future market movements.