Silver Price Forecast: XAG/USD Recovers Towards $38.50
The silver price (XAG/USD) has recently recovered significantly and is currently quoted at around $38.54 per ounce. This development is particularly significant in the context of upcoming U.S. inflation data and general market uncertainty. The recovery of the precious metal indicates increased demand from private investors who are seeking alternative asset classes amid rising inflation and geopolitical risks.
Current Price Development
- Current Price: As of July 15, 2025, the silver price is $38.54 per ounce.
- Daily Range: Between $38.37 and $38.54.
- Previous Day: The price was $38.74; the daily change is -0.52%.
Forecasts for 2025
The analysts’ forecasts for the remainder of the year are mixed:
| Forecast Source | Expected Range (2025) | Year-End Target |
|---|---|---|
| CoinCodex | approx. $29–34 | – |
| LongForecast | approx. $31–40 | approx. $37 |
| Kagels-Trading | Breakout scenario up to ~40 USD | – |
LongForecast expects further upward movement by year-end to about $37–39, with a peak just below the mark of $39.69 particularly likely in August. Other sources even foresee a potential breakout above the psychologically important mark of $40 in the short term.
Factors Influencing the Silver Price
The key drivers for the current price increase are:
- U.S. Inflation Data: The upcoming release of the Consumer Price Index (CPI) in the U.S. creates uncertainty in the market. If inflation rises more than expected, it could trigger further capital inflows into precious metals like silver.
- Industrial Demand: In addition to the investment aspect, silver also benefits from a solid industrial demand.
- Geopolitical Situation & Dollar Exchange Rate: Political uncertainties and fluctuations in the U.S. dollar also influence price development.
- Technical Factors: After a pullback below the support at about $28, a new upward momentum has been established; technical analysts now see targets in the range of around $40 per ounce.
Short, Medium, and Long-term Perspectives
Short-term, the price remains volatile: Some models predict a decline to values around $27–28 per ounce by the end of July, while other sources still do not rule out a move toward $40. Medium-term (by the end of the year), a sideways movement between about $32 and $39 is expected; a clear breakout trend either upward or downward depends largely on macroeconomic data. Long-term, especially until the decade’s end (2030), many experts consider new all-time highs above the $50 mark to be quite possible – provided there is a sustainable breakout scenario from the previous sideways trend channel.
Conclusion
The current rise in the silver price to around $38.50 reflects both technical and fundamental factors: The uncertainty ahead of important inflation data drives investors into the precious metal; at the same time, technical signals suggest that further profit opportunities may be conceivable.