Silver's future looks bright despite its current sideways trend

Florian Grummes of Midas Touch Consulting assessed the outlook for the metals market in 2025. He observed that while gold is trending upwards, silver has yet to regain its October peak of $34.89 per ounce.

On April 22, gold prices surged to an all-time high of $3,500 per ounce, while silver remained below the $35 resistance level. Breaking through this threshold could generate bullish momentum and drive the bullion towards $50.

Since mid-April, silver prices have remained relatively stable, primarily fluctuating between $32 and $33 per ounce. As of May 23, 2025, the gold-to-silver ratio is 100:1, which indicates that the second metal is significantly undervalued. If the ratio were to revert to its long-term average of 55:1, silver would have a good chance to appreciate.

Moreover, a fifth straight supply deficit of -117.6 million ounces is expected for 2025, after a record industrial demand for the metal of 197.6 million ounces in 2024.

The outlook for silver remains bright. Innovations such as Samsung's silver-based solid-state batteries are likely to double energy density.