Silver Institute forecasts higher precious metal prices amid persistent supply shortages

The Silver Institute has released its 2025 outlook for the precious metal. While market attention is firmly fixed on gold, the key safe-haven asset, silver keeps lagging behind. However, the organization's experts anticipate further price gains for silver due to its numerous advantages and unique properties.

Beyond its use in jewelry, silver is highly sought after in industry, particularly in green technologies.

Currently, silver demand is weakening. Yet, even at this reduced level, supply remains insufficient, according to Metals Focus analysts. The company projects a silver deficit of roughly 117 million ounces this year.

Donald Trump's import tariffs are raising uncertainty among traders. The prices of silver and some other assets are becoming increasingly volatile, forcing market participants to act cautiously. Risks of a global recession are exacerbating silver's outlook. However, the head of Metals Focus predicts supply shortages to persist for at least another five years.