According to Kitco, gold prices started 2025 with a new record and are stable, remaining above $3,000/ounce as the end of the first quarter of 2025. Meanwhile, silver prices have risen to 6.3% as of March 2025.
Rich Checkan - President and COO of Asset Strategies International - assessed that after increasing by 10% in January, silver has decreased by 2.4% in February, but with the increase in March, silver will have an increase of about 13% for 2025.
"In fact, market gains are rarely in a straight line. The current silver price is just getting started," Rich Checkan said.
According to Asset Strategies International's President and COO, since 2024, he has highlighted the opportunity to make a profit from silver. Silver prices have risen 21% in 2024 and look set to increase further if silver's performance in the first quarter of 2025 is a sign.
"Cold is approaching an all-time high of $50 an ounce. However, with the current price of around $33/ounce, there is still plenty of time to get involved as silver begins to rise, Checkan said.
He also cited the assessment of many analysts from major financial institutions, who believe that silver prices could reach 38 - 50 USD/ounce by the end of the year, and will increase even more in the next few years.
According to Rich Checkan, the current increase in silver prices is driven by a record increase in gold prices. He believes that gold price movements are often a wave of raising all precious metals.
"Like gold, silver is considered a safe haven asset in the face of global political tensions and unstable economies. However, silver plays an important role in electronics manufacturing and renewable energy technology. Therefore, the industrial demand for silver is stronger," he said.
Checkan said many investors are paying attention to the gold- silvery ratio, they are tracking the number of silver ounces needed to buy 1 ounce of gold. Currently, this ratio is 91:1 and is higher than normal. This shows that both gold and silver still have a lot of potential to increase prices before reaching the peak.
"Silver is often priced higher than gold in a bull market, but only in the later stages will this ratio return to the long-term average" - Checkan emphasized.
Considering the above factors, along with the difference in the prices of precious metals products due to uncatchable demand for spot prices, Rich Checkan believes that this is a good opportunity to buy silver.
As of 9:35 a.m. on March 26 (Vietnam time), the world silver price listed on Goldprice.org was at 33.72 USD/ounce.
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