Silver prices are hovering near weekly highs on Wednesday morning, holding steady after a series of gains driven by escalating geopolitical tensions and a growing appetite for safe-haven assets.
Silver prices are hovering near weekly highs on Wednesday morning, holding steady after a series of gains driven by escalating geopolitical tensions and a growing appetite for safe-haven assets.
The months-long frenzy in the US precious metals market came to an end after the official announcement of the country's administration on the exemption of gold and silver from new trade duties. According to Bloomberg, the price differences between the US and other regions have narrowed sharply.
Bank of America remains bullish on silver. The experts forecast prices of the metal to average around $35 per ounce this year. Despite a possible rise in silver prices, the gold-to-silver ratio will remain at a high level.
According to Keith Weiner, CEO and founder of Monetary Metals, more and more people are buying gold not to protect their savings from inflation, but to avoid the need to be a creditor in deteriorating economic conditions.
Silver continues to grow steadily. The metal has gained almost 12% year-to-date after rising by 35% in 2024. Analysts explain that demand is driven by the active use of the metal in artificial intelligence technologies, transportation, electronics and green energy.
Analysts at Heraeus report sustained strong growth in gold ETF investments, driven by rising gold prices as markets react to potential US trade tariffs. Gold ETFs have seen substantial inflows recently, with March 21 alone recording a 23-ton increase, the largest single-day addition since 2022.
Gold prices have surpassed $3,100 per ounce, setting a new high. The first quarter of 2025 was the best-performing for the yellow metal in nearly four decades.
A decrease of the indicator value may contribute to the fall in quotes of Silver.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
Silver is back in the spotlight after surging 40% over the past 12 months to above $34 an ounce. If the deficit and increased demand persist, the asset could reach the $50 mark or even higher next year, according to Peter Kraut, editor at Silver Stock Investor.
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.