Silver Price Per Troy Ounce (2023-2025)

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Source: AlternativeMarketData
Publication Date: November 2024
Region: Worldwide
Survey time period: November 2024

Note: 1st Working Day Of Each Month Is Used for Analysis

2025 Forecast

Silver prices in 2025 are forecasted to follow a mixed trajectory, with an initial bullish outlook but signs of a potential correction in the second quarter of next year.

• Potential Market Influences:
  1. Technological Demand: Continued adoption of silver in green technologies may drive demand, though slowing industrial growth in mid-2025 might dampen prices temporarily.
  2. Economic Policies: Adjustments to interest rates or global trade policies could create headwinds for speculative demand.
  3. Investor Sentiment: Growing awareness of silver’s undervaluation relative to gold could sustain interest but faces pressure from stronger equity or bond markets.

Outlook Summary

• Bullish Periods: The upward momentum in 2024 and the early part of 2025 highlights optimism driven by industrial and investment demands.
• Correction Risks: Prices could see a pullback in mid to late 2025, driven by macroeconomic stabilization and potential profit-taking.
• Long-Term Potential: The integration of silver into emerging technologies (e.g., 5G and EV batteries) and green energy projects solidifies its position as a critical commodity for the future.

Investor Insight: While the forecast reflects potential for growth, silver’s price sensitivity to external factors (economic policy, supply chain dynamics) calls for cautious optimism. Diversifying portfolios with moderate silver holdings could be a strategic move.

2024 Trends

Silver prices in 2024 reveal a notable upward trend, with significant increases observed from April onward. The range widened substantially, reaching a peak of $32.65 in October.

• Key Drivers:
  1. Industrial Applications: Silver’s role in renewable energy technologies like solar panels and electronics likely drove demand.
  2. Inflation Hedging: Investors sought silver as an alternative hedge amidst concerns over inflationary pressures.
  3. Geopolitical Tensions: Increased uncertainty in global markets may have bolstered silver’s status as a safe haven asset.

Second Half of 2024: A steady increase in prices indicates sustained demand, with October and November marking the highest levels, reflecting robust global interest in silver investments.