publication
2025-06-06 11:21
After a dynamic increase, dollar silver quotations have finally broken the March maximum and were at the highest level since September 2011. White metal with a considerable delay followed gold, which historical peaks have been screwed for over a year.
On Friday before noon, an ounce of Trojan silver on the term was valued at $ 36.36, i.e. $ 1.5% higher than the day before. On Thursday, silver risen by 3.3% and this way broke the long -term maximum at the end of March.
On the basis of technical analysis, such a move opens the road to USD 40 or even $ 50 per ounce. This last level on the silver market appears as an armored barrier, where a speculative man in 1980 and 2011 stopped.
It is worth recalling the history of gold, whose quotations in 2020-24 remained in a long and tiring side trend to go up by over 60%for the next year and a half.
– For some time we expected silver to cling to gold. White metal has strong foundations, including supply deficit and thriving industrial demand, “said Reutersa Nitesh Shah, a strategist of raw materials from Wisdomtree.
Speculation about the resumption of bull market in the silver market has been circulating around the market for some time. It was noted that white metal is relatively very cheap relative to its “royal” cousin. In April, gold/silver parity reached the second highest level in history – it was higher only at the peak of Covid panic in the spring of 2020. Now an ounce of gold is valued at about 94 ounces of silver – that is, still half the median from the previous 50 years.
Over the previous one hundred years, silver has transformed from monetary metal into industrial raw material, having key use, among others in electronics or solar. And it is the progressive revival in the global manufacturing sector. Analysts explain the last increase in silver ratings. This is not the moment when investors would get into the game massively-whether through time-term contracts or ETFs.
Added to this is the weakening of the dollar observed from March, which makes precious metals cheaper for investors outside the USA. From the beginning of the year, silver (counting in USD) has increased by 24% with the increase in gold prices by over 28%. White metal has something to make up for in both medium, long and very long time.
