The silver price has not yet consistently exceeded the mark of 38 USD per ounce, but it is close to doing so and shows a strong upward trend. Currently, the price fluctuates around approximately 36.59 to 36.83 USD per fine ounce (as of early July 2025). However, analysts predict that the silver price could rise to about 38 USD per ounce later in the year.
Drivers of Price Increase
This increase is primarily driven by strong interest from institutional investors and rising industrial demand. In particular, the role of silver in green technologies and limited resources contribute to this development. Furthermore, geopolitical uncertainties and a weaker US dollar could push the price further upwards.
Impact on the Gold Market
The market development for silver has potential implications for the gold price. While silver is expected to significantly outperform and could be around 38 USD by the end of the year, gold is expected to see more sideways movement around approximately 3,250 USD per ounce. The gold/silver ratio currently stands at about 91:1, which is historically considered relatively high and suggests that silver may be undervalued compared to gold.
In Summary
- The current silver price is just below the mark of 38 USD/ounce.
- An increase above this threshold is expected for the second half of 2025.
- Strong institutional demand and industrial usage are primary drivers.
- This could increase interest in precious metals overall and impact the gold market.
- For gold, stability rather than significant price increases is expected at this time.
These developments make silver an interesting investment in 2025, especially against the backdrop of growing industrial demand and geopolitical factors.