Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes prices of precious metals will continue to rise in the second half of this year, with new drivers likely to join the existing ones.
Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes prices of precious metals will continue to rise in the second half of this year, with new drivers likely to join the existing ones.
Silver prices continue to hold above the $36 per ounce mark amid increased investment demand for the precious metal. As Sprott Asset Management CEO John Ciampaglia noted, silver was previously significantly undervalued compared to gold, but the situation is now starting to change.
Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes prices of precious metals will continue to rise in the second half of this year, with new drivers likely to join the existing ones.
Heraeus analysts have published a new report on precious metals, highlighting that central bank demand is supporting gold, which has not seen significant gains since hitting record highs in April.
An increase of the indicator value may contribute to the rise in quotes of Silver.
The Silver Academy expects US President Donald Trump’s tax and spending bill to accelerate price growth in the country and boost precious metals.
In June 2025, the Perth Mint in Australia reported a 16% month-over-month increase in gold coin and bar sales, totaling 32,901 ounces. The surge followed a 0.4% rise in global gold prices, making the precious metal a more attractive asset for investors.
Analysts at the World Bank project gold prices to pick up over the next 18 months, while silver is also expected to rise further in 2025 and 2026.
Heraeus analysts note that despite gold pulling back from April highs, prices of the yellow metal remain high. This could further depress Indian demand.
Silver struggles to hold critical support at $36 an ounce as gold consolidates near $3,300 per ounce. However, Bernard Dahdah, analyst at Natixis, notes that silver may continue rising as it breaks away to forge its own path.
A decrease of the indicator value may contribute to the fall in quotes of Silver.
Silver is not just a precious metal, but also an important asset in the financial sector.
Silver is more than jewelry, it is an essential part of the global economy. Staying up-to-date on the latest silver news allows investors and traders to have a better understanding of how prices are changing so they can use this information to guide their investments and financial decisions.