Gold reaches new records in 2025, against the background of global uncertainties, and silver follows it closely. Although its growth was less visible, analysts claim that the price of silver could even double in the coming years.
Analysts estimate that the price of silver will double soon. Photo shutterstock
Silver Spot exceeded the $ 50 threshold for the first time last week before reducing their earnings.
On Monday, the metal was 2.4% more expensive, trading around $ 51 per ounce in London. Meanwhile, New York's Futures Futures contracts increased by 4.5%, reaching $ 49.
The Silver Spot has earned over 78% since the beginning of the year, compared to the ear ear from the beginning of the year until now over 50%. Both metals have benefited from a hurry to the assets of refuge against the background of volatility on the capital markets in general and, in the case of silver, an inconsistency between demand and supply.
“The precious metals recorded an exceptional year, marked by impressive performances. The gold was in the center of attention, being one of the most popular active and managing to overcome record after record, including breaking the psychological threshold of $ 4,000 per ounce. However, from the perspective of the yield from the beginning of the year, the advance of the gold, the first three, has not taken the pod. Paladiu ”he told “truth“Radu Puiu, financial analyst XTB Romania.
Commercial tensions propelled gold and silver to new historical maxims
According to him, persistent commercial tensions propelled gold and silver to new historical maxims even Monday morning.
“Although President Trump announcements have easily calmed markets at the end of the week, the unpredictable actions of the US administration continue to determine the transfer of capital to refuge assets, independent of dollar, such as gold. Another support factor is given by the expectations on two additional discount December. he said.
The initial powerful rally has been triggered by US threats to apply 100% rates on Chinese goods, at the same time with the new export control measures in response to China's rare metal export restrictions. Moreover, the current government blockade causes the delay in publishing the economic data, maintaining a high level of uncertainty and nervousness in the market.
Even last week, the silver set a new historical maximum, breaking the $ 50 per ounce threshold and thus exceeding the highs recorded in the early 1980s and in 2011.
“The market of precious metals has been undergoing a renewal not encountered for decades. Investors are actively seeking alternatives for refuge assets against the background of global economic and increasing inflationary expectations. Due to its high capitalization, gold determines the retail investors to orient more and more to the alternative. But also digital assets, such as Bitcoin, become much more “attractive”, being more accessible.
In addition to the monetary policies of central banks, an additional crucial aspect for silver prices is the increase of industrial demand. This comes from sectors such as green energy, photovoltaic panels and electronics. It is worth noting that the silver market is in deficit of seven consecutive years, a longer period than the platinum market ”, explained Radu Puiu for “truth”.
Silver, a valuable reserve
In fact, Paul Syms, the head of the EMEA ETF Division, told CNBC that the record increase in this year's gold price determined to take into account the capital allocation to other precious metals. “The interest in silver increased when the gold-silver ratio exceeded 100x after increasing the prices of gold after” release day ““He said on Friday.”The only time the report was over 100x this century was during the pandemic and was followed by a sudden reversal”, Explained the specialist.
However, Syms said investors now look at silver as a value for several reasons, mentioning that, until this week, silver had not reached a record level since 2011.
Gold has set 39 new records this year only, said Syms, stressing that silver also offers practical uses that gold cannot compete. “The industrial uses of gold are limited“He explained. “From an investment point of view, silver is also perceived as a valuable reserve, but it also has many industrial uses, especially in electronics and renewable energy technologies.”
Although he said that it is difficult to foresee where the prices of silver could be directed, Syms stressed that its increase in 2025 has exceeded expectations.
“The feeling of gold and silver remains positive, and investors generally have relatively low allocations, so the prices are unlikely to be affected by the fact that this is a busy transaction, subject to profit registration, especially while the actions remain at maximum. “he said.
“Indeed, if the feeling remains positive, it is quite possible that silver continues to grow“Syms added.
Silver at $ 100 ounce?!
Paul Williams, general manager of Solomon Global gold and silver supplier, attributed the growth of silver “strong forces in the real world”, Unlike the speculation that brought him to a maximum in 1980.
“An increasing structural deficit, record industrial demand and accelerated investments in ecological technologies restrict the offer and push the prices up“He said in a note.
“Although the silver does not share all the secure refuge credentials of gold, its double role of industrial metal and value reservation continues to attract investors who seek stability and growth“Williams added.
Silver is a critical component in products from various industries and is used in the production of electric switches. Solar pans and mobile phones. It is also used in semiconductors that stimulate the boom of artificial intelligence.
Williams added that the factors underlying the silver market do not show signs of diminution, suggesting that the growth of silver could be supported by 2026. “Despite its record level, silver remains cheap compared to gold ”he said. “In view of the current climate, a $ 100 silver price is definitely possible by the end of 2026“He added.
The value of silver could double
It is an opinion shared by Philippe Gijsels, a strategy director at BNP Paribas Fortis, who predicted a $ 50-year-old silver price and also believes that its value could double compared to the new maximums. “Large and round numbers tend to attract [investitorii] like a magnet“He argued.”Once the price enters the gravitational field of large figures, we usually see an acceleration and a climax of shopping ”, he added.
However, he said there could be a rising break before prices increase again. “What usually happens after a huge growth like this is that we see a break. (…) But somehow the technical condition of suppression must be eliminated.”
In the long term, said Gijsels, the conditions that have catalyzed the increase in the price of silver, which means that there is still room for additional increases.
“Investors have joined since the beginning of this year. They have rightly understood … that in an inflationary world, a world in which volatility and uncertainty represent the new normality and in which central banks will continue to print money to keep the system on the waterline, you need to have real active to protect your purchasing power. These real assets are real estate, actions, wine and maybe above all precious metals.
We are still closer to the beginning than to the end of what could become one of the largest bull markets in recorded history ”.
“I would not be surprised to see silver much over $ 100 in a not too distant future,” he said.
