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United StatesQ1 2025
The upward trend in silver continued in Q1 2025, with prices increasing by 2.66% to reach $32.45 per ounce (Spot price weekly closing). Ongoing global economic instability, geopolitical risks, and steady industrial demand contributed to the positive momentum. Institutional and retail investors alike maintained their interest in silver, seeking diversification and inflation protection. Despite periodic corrections due to market volatility and shifting yields, silver remained resilient and continued to benefit from its hybrid role in investment and industry.
Q4 2024
Silver prices advanced 5.20% in Q4 2024, closing the year at $31.61 per ounce (Spot price weekly closing). Renewed investor interest and seasonal demand—especially from markets like India—played a significant role in supporting prices. Continued concerns over geopolitical instability and fluctuating economic data sustained silver’s safe-haven appeal. Industrial consumption remained strong, particularly in solar and electronics applications, offsetting the impact of profit-booking and monetary policy uncertainty.
Q3 2024
Despite facing headwinds from a strengthening dollar and rising bond yields, silver prices edged up 2.53% in Q3 2024 to $30.05 per ounce (Spot price weekly closing). The momentum slowed compared to the previous quarter due to improving macroeconomic indicators and a shift toward higher-risk assets. However, sustained demand from emerging markets and industrial users helped maintain positive price action. The market also saw support from investors viewing silver as a lower-cost alternative to gold in times of uncertainty.
Q2 2024
Silver experienced a significant rally in Q2 2024, to $29.30 per ounce (Spot price weekly closing). The surge was driven by robust industrial demand, particularly from the renewable energy and electronics sectors. Growing investor confidence, central bank buying, and a weakening US dollar added further upward momentum. As economic uncertainty persisted, silver’s appeal as a hedge against inflation and market volatility gained traction. Profit-taking led to brief pullbacks, but overall sentiment remained strongly bullish.
Q1 2024
In Q1 2024, silver prices saw a modest increase of 0.30%, rising from $23.70 to $23.77 per ounce (Spot price weekly closing). The metal’s movement lagged behind gold, reflecting investor hesitation amid mixed economic signals and relatively subdued industrial demand. While inflationary concerns and global uncertainties supported precious metal sentiment, silver’s dual role as both an investment and industrial commodity kept its gains limited. Fluctuating interest rates and a stronger US dollar also contributed to the restrained performance.
PriceWatch is your trusted resource for tracking global silver price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the silver market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence silver prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely silver market data.
Track PriceWatch's silver price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.
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Silver is a globally traded precious metal recognized for its dual role as both an investment asset and an essential industrial material. Traded on major commodity exchanges, silver is valued for its conductivity, reflectivity, and antimicrobial properties, making it crucial across multiple sectors. It also serves as a hedge against inflation, currency depreciation, and market volatility.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Applications
Macroeconomic Trends: Inflation, interest rates, and global economic growth affect silver prices due to its dual role as both an investment and industrial metal.
Industrial Demand: Silver’s use in solar panels, electronics, and medical devices makes manufacturing trends a key price driver.
Geopolitical Risks: Global instability, supply chain disruptions, and trade tensions often boost safe-haven demand for silver.
To diversify portfolios, hedge against inflation and currency depreciation, and capitalize on long-term industrial growth.
PriceWatch delivers real-time pricing, expert commentary, and weekly updates, helping you stay on top of market trends and make informed decisions.
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