The golden period for Silver may be just beginning. Silver prices have reached their highest level in over 13 years, rising by 22% in the last year.
Silver has seen a significant increase of over 5% this month, currently trading at $38.15. In comparison, gold is down 0.86% over the last 30 days.
For most analysts, this appears to be a big technical breakout as silver continues to once again grab the attention of investors.
If Silver crosses $40, the next big technical level to watch out for is $41.77, a high made in August 2011.
Gold, platinum, and copper have all undergone parabolic movements, and analysts believe it may now be Silver’s turn.
Last week, following President Trump’s surprise announcement of a 50% tariff on copper imports, copper saw its largest one-day rally in history, rising around 13%, and is up 15% this month. Platinum has rallied over 65% from its April lows and is up by 17% this month.
Gold is trading around $3,350 for over two months now. It looks, the rotation is now into Silver in the precious metals space.
In the first half of 2025, investment in silver was boosted by increased geopolitical and economic uncertainty as well as optimistic price predictions. The commencement of trade discussions between China and the United States boosted the mood in the industrial metals sector, providing additional price support.
Silver is considered an industrial commodity as well as a vital monetary asset. Silver’s growing role in solar power, electronics, and electrification trends accounts for over half of global demand, highlighting its long-term structural importance.
Investors’ interest also seems to be rising in Silver. Silver-backed exchange-traded products (ETPs) hit US$40B for the first time ever, already surpassing 2024 totals, according to the Silver Institute.
In addition, the high gold:silver ratio since the beginning of 2025 gave the impression that silver was cheap in the long run.
From a high of over 100 in January, the gold:silver ratio has come down to 85. The long-term average for the gold:silver ratio is 70, which shows there’s more room for silver to move up.
According to The Silver Institute, Indian retail investment demand remains strong, posting a 7% year-over-year gain over the first six months of 2025. This partly reflects ongoing strong price expectations. Silver price today in India is Rs 1,13,070 per kg.