Current Situation
The silver price has seen remarkable gains in recent months, clearly surpassing the $35 per ounce mark. On June 6, 2025, the price was about $35.97, representing an increase of 0.86% compared to the previous day. Over the last 30 days, a price increase of approximately 10.82% has been observed. This positive development is partly due to increased demand for safe assets, which continues to drive the silver price upwards.
Market Demand
In recent weeks, market uncertainty has heightened demand for silver as a safe haven. When the price reached the $35 mark, a demand increase of 5% was recorded.
Forecasts
For the year 2025, analysts expect the silver price to fluctuate between $29.80 and $36.91. After a peak in October, a moderate decline could occur, followed by new highs in 2026, where a value of $39.74 is predicted for August and a year-end price of $37.74. This would correspond to an increase of around 15%. Long-term forecasts indicate a possible price of $73.33 by the end of 2030 and even $106.60 by 2035, suggesting significant value increases.
Chart Technical Signals
The breach of the $35 mark is interpreted as an important chart technical signal for a potential upward movement. The technical indicators motivate many market participants to adjust their investment strategies in light of a sustained upward trend.
In summary, the current silver price shows strong momentum with positive outlooks according to forecasts. Long-term signals suggest sustainable recovery and potentially significant price increases.