Silver prices break through, long-term prospects are forecast to be positive

Gold and silver prices on the international market simultaneously increased sharply amid the latest geopolitical upheavals in the Middle East.

According to analysis from Kitco, precious metals are being supported by increased safe-haven demand, while macroeconomic factors such as the weakening USD and expectations of monetary policy adjustments also contribute to promoting the upward momentum.

Kitco analyst Jim Wyckoff said that this development took place after the US and Iran reached a temporary ceasefire agreement, helping to reduce military tensions and ease concerns about inflation related to energy prices. In that context, cash flow returned to the precious metals market, pulling gold and silver prices up significantly.

In fact, silver prices have increased by more than 4 - 6% in recent sessions, while gold has also increased by about 2 - 3%, showing that investor sentiment is gradually stabilizing but still prioritizing safe assets.

In that context, the long-term prospects of the precious metal market continue to be positively assessed as the global economy still contains many risks. However, the level of interest rates maintained at a high level may partly limit the upward momentum of precious metal prices in the coming time.

According to Mr. Aamir Makda - commodity and currency analyst at Choice Broking, the outlook for gold and silver in the period 2026 - 2027 is still "moderately optimistic". He believes that in the context of the global economy facing many risks, demand for safe-haven assets will continue to increase.

Mr. Makda added that in history, gold demand usually increased sharply in the later stages of conflicts, when the rise of the USD stalled. However, he also noted that if interest rates in the US and major economies remain high for a long time, this could limit the rise of precious metals.

For silver, the strong increase in the past year also came from the supply-demand factor. The market is facing a prolonged supply shortage for many years, while demand from industries such as solar energy and electric vehicles is increasing. In addition, capital inflows into ETF funds also caused silver prices to fluctuate more strongly.

In the near future, silver prices are forecast to continue to anchor at a high level in fiscal year 2027. In the international market, silver is likely to trade in the 85 - 100 USD/ounce range" - Aamir Makda predicted.

The precious metals market is also affected by many other macroeconomic factors. Crude oil supply is expected to increase in 2027, while global demand shows signs of weakening, which may help cool down inflation and put pressure on gold and silver prices.

In addition, the diễn biến of the USD is still an important variable. The greenback is forecast to continue to fluctuate due to uncertainty in the policy of the US Federal Reserve. If the USD appreciates, the upward momentum of silver, which is more sensitive than gold, may be limited.

In general, in the context of global risks still existing, along with the maintenance of investment and industrial demand, silver prices are expected to continue to receive support. However, the market is likely to continue to fluctuate strongly in the near future" - Aamir Makda gave his opinion.