Gold and Silver: Winners in the Precious Metals Market
Gold and silver have positioned themselves as winners in the precious metals market over the past few weeks. Both metals benefit from supply shortages, an increased demand for safety among investors, and their traditional role as crisis currencies.
Price Developments and Current Trends
- Gold: Recently, gold recorded a weekly increase of 3.7%, continuing its stable upward trend. This underscores the metal’s significance as a safe haven in uncertain times—an attribute particularly relevant for private investors.
- Silver: Silver also impressed with a significant weekly increase of 9.0%. Thus, silver has even outperformed gold and shows particularly dynamic development. The current price is approximately $32.37 per ounce (as of May/June 2025).
Causes for Positive Development
- Supply Shortages: There are indications of supply bottlenecks for both gold and silver. These shortages sustainably support price development.
- Demand for Safety: In times of economic uncertainty, investors increasingly seek safe investments. Precious metals like gold and silver are regarded as classic crisis currencies.
- Crisis Preparedness: The role of both metals as protection against inflation and currency devaluation is regularly confirmed—particularly when other markets are volatile or political risks increase.
Forecasts for Gold and Silver
| Metal | Current Price (approx.) | Weekly Increase (%) | Forecast/Expectation |
|---|---|---|---|
| Gold | approx. €2,300–2,400/oz (or approx. $2,500–$2,600/oz) or according to market price: ~$3,311/oz |
+3.7 | Stable to increasing demand; continued high relevance in times of crisis |
| Silver | approx. $32–33/oz | +9 | Consolidation expected; long-term further growth potential to over $100/oz possible by 2035 |
“Silver has achieved a substantial increase of 9%.”
“Gold recorded an increase of 3.7%.”
— Precious Metals Market Commentary June 2025
Long-Term Perspectives
Further price gains are expected for both metals in the medium term:
- Gold remains attractive due to its stability.
- Silver additionally benefits from industrial demand as well as speculation on further price increases.
Long-term forecasts foresee a potential increase for silver to over $100 per ounce by the year 2035—a gain of more than +200% compared to today’s levels is possible.
Conclusion
Gold and silver reaffirm their role as safe havens in uncertain times through stable or strong price gains in the past few weeks. Supply shortages and the increased demand for safety among investors sustainably support this development—both in the short term and long term, further gains are possible.