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Silver price discussion and analysis

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Another significant break up. Hopefully not a short term jism.

Silver rallies above $38 in ‘incredible breakout’ to 13-year highs

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Aaron Hill, Chief Analyst at FP Markets, said he expects silver prices to maintain their uptrend as supply struggles to keep pace with demand.

“The momentum is driven by a combination of robust industrial demand—particularly from green technologies like solar panels and electric vehicle production, which accounted for record-high silver consumption in 2024—and geopolitical uncertainties, including ongoing tensions in key mining regions like Russia and Mexico, which have tightened supply,” he said.

In June, when silver crossed $35 an ounce, commodity analysts at TD Securities said that $50 had become a viable target.

TDS analysts added that higher prices may be the only factor capable of meaningfully addressing the growing supply deficit.

“Our estimates of LBMA silver’s free float now stand at their lowest levels in recorded history,” they wrote in a Thursday note. “With only ~155 million ounces of silver freely available for purchase, the market structure is critically challenged. Silver’s illusion of liquidity tells us the market will only rebalance through some form of a squeeze on physical.”
 
I'm surprised by silver's strength. It hasn't even re-tested US$35 once since it broke through in early June. It been consolidating ever since, coiling for this move. I had hoped we'd see US$35 again but I don't believe for a second that the shorts are done with manipulating silver. They used to hammer the price down during Asian trading hours on a regular basis.

Silver will go for US$40, but I think it will stall there and we may see a decent pullback soon.
 
Sean K said:
The silver Jonah of ASF. Please place some disparaging down ramping comments in the thread to give silver a boost.
Click to expand...
The silver Gods are mocking me. Im getting out of here before silver completely collapses.
 
Silver is an embarrassment to the family of precious metals. I hope for a time when it is 100% substituted by more abundant metals and is dropped from the periodic table of elements as a disgrace.
 
Felix Zulauf:
Yeah, that'd be right, "another few years .. cup and handle .. sit on it", just great.

2 minute vid

 




In May of 2025 alone, China added 93 gigawatts of solar capacity. This is completely unprecedented. That’s approximately 65 million ounces of silver required for China’s solar buildout in May of this year.

Electric vehicles, phones, and even weapon systems also require large amounts of silver. It’s the best conductor of electricity in the world. As the world continues to electrify, demand should continue to grow.

Silver demand from investors is still a relatively small piece of the overall picture. But it’s growing, especially in Asia. Silver fever hasn’t hit American investors yet, but it will eventually. Once silver regains its role as a personal monetary asset, I expect fireworks.

The metal remains $12.50 below its all-time high of around $50/oz. Compared to gold, it’s simply cheap here.


Slow burner, but it will get there.

Convert to gold at 40 or thereabouts.

jog on
duc
 
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