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Midas Touch Consulting expert sees silver prices rising to $40–50 in 2025
This year, the increase in gold prices has been outpacing that of silver. However, Florian Grummes, managing director of Midas Touch Consulting, believes the white metal's rally could begin as early as this summer.
He says the precious metal, which is widely used in industry, is already showing signs of an upturn. The volatility associated with US tariffs is waning, and prices are returning to the upward trajectory seen at the beginning of the year. Grummes predicts that silver will reach $40 or even $50 per ounce. Now he thinks the metal is extremely undervalued.
According to Kitco News, investors looking to generate income from rising precious metal prices should consider silver-backed exchange-traded funds. These funds provide access to the asset without the logistical issues related to storing physical silver.
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