Expert Florian Grummes - CEO of Midas Touch Consulting - believes that silver prices could reach $50/ounce in the second half of 2025, based on solid demand from the physical market.
Since April, silver prices have increased by about 23%. Grummes said that although this increase is slow, it is still very healthy, without signs of excessive speculation or hot cash flow.
We are witnessing the dominance of the physical market, where real demand is slowly pushing prices up. Low trading volume and rising prices are signs of a sustainable trend, he said.
According to Grummes, the price of 37.5 USD/ounce is playing an important psychological threshold and he is completely not worried if the price has slight adjustments.
"Compared to gold, silver is still very cheap. If you want to invest in metals, you should choose silver - this expert recommends.
Not only physical silver prices, but also silver mining stocks are recording impressive increases. A typical example is the Silver Tiger Metals stock operating in Mexico, which has increased by 125% over the past three months. Grummes also pointed to the vibrant M&A wave in the country as a positive signal for the entire silver industry.
Experts say that if the upward trend of gold continues to be consolidated, silver will have more opportunities to break out strongly in the coming time, especially when this metal is still undervaluable compared to gold.
Market analyst Christopher Lewis said the disappointing jobs report had dragged the USD down. "This helps silver prices recover in the short term. If the US dollar continues to weaken, the recovery trend of silver will be further consolidated, said Christopher Lewis.
In addition, the fact that silver prices find a balance around the important technical support zone is also a factor that supports investors' positive psychology. According to Mr. Lewis, silver's "stability" around 36 - 36.5 USD/ounce is a sign that the market is trying to adjust and stabilize again.
Update on domestic silver prices
At the end of the trading session of the week, the price of 999 silver bars at Ancrat Silver JSC was listed at 1.408 - 1.443 million VND/tael (buy - sell); both buying and selling prices remained unchanged compared to yesterday morning.
The price of silver bars in 2025 Ancarat 999 (1kg) Ancrat Silver Joint Stock Company was listed at 36,950 - 37.940 million VND/kg (buy - sell); both buying and selling prices remained unchanged compared to yesterday morning.
Meanwhile, the price of 999 silver bars at Phu Quy Jewelry Group was listed at 1.419 - 1.463 million VND/tael (buy - sell); both buying and selling prices remained unchanged compared to yesterday morning.
The price of 999 gold bars at Phu Quy Jewelry Group was listed at 1.419 - 1.463 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday morning.
