As of 12:26 GMT +4 on Wednesday, June 25, 2025, the price of white metal fell to 35.90, a drop of 0.04% from the day before.
Over the past month, Silver's price has risen 7.62% and is up 24.80% compared to the same time last year. Meanwhile, mid last week, the 18th of June 2025, silver prices surpassed a 13 year high to hit 37.30, whilst still maintaining all time high of 49.51 as created in April 2011.
Beyond safe haven: the industrial forces powering silver’s price rise
Aside from the demand for a safety net by market participants during economic uncertainty, as witnessed recently amid geopolitical tensions, other factors have in recent times contributed to the notable price improvement of the white metal, which include but are not limited to
The industrial rise of silver:
According to the Silver Institute, industrial silver demand is the primary driver of white metal growth. Silver is no longer merely a precious metal; it has evolved into a critical industrial commodity that is powering some of the most revolutionary technologies of our era. In recent time, the industrial demand for silver has soared and surpassed 700 million ounces annually and this trend is not showing signs of slowing down anytime soon.
Silver's crucial role in solar energy:
As a component, silver is indispensable in the production of solar panels.
As the global shift to renewables accelerates, especially in major economies like China, India, and the U.S., solar demand is projected to grow rapidly. The Silver Institute estimates solar accounts for 12–15% of global silver demand and could exceed 140 million ounces annually by 2026.
EV growth fuels silver demand
Silver plays a significant role in the swift electrification of the transportation industry. Compared to conventional combustion vehicles, EVs need two to three times as much silver. The demand for silver in automotive applications is predicted to increase by more than 200% by 2030 as EV adoption scales. It is utilized in battery management systems, inverters, autonomous driving sensors, and charging infrastructure.
Silver’s rising role in tech
From smartphones to medical devices, silver is essential in electronics due to its unparalleled conductivity and resistance to corrosion. Circuit boards, RFID chips, and sensors all contain it. The demand for silver rises per unit as gadgets get increasingly powerful and smaller, boosting total consumption.
Silver resilience and technical analyst forecast
Over the last decade, the market's supply of physical silver has been largely steady. During times of economic uncertainty, silver just like gold, serves as a safe haven, attracting investors looking for safety. Silver has recently showed great resilience, owing to increased industrial demand and ongoing supply shortfalls, as well as its defensive appeal. Analysts predict that silver trading will retain its bullish momentum, trading in the $30-$40 range through 2025.
Technical view:
Looking at the 4-hour time frame, prices are seen bouncing off previous support around 35.29. Whilst catching its breath, technical analysts envisage resistance around 36.38, with that in view, the next potential target to the downside would likely be around 35.29. A break below 35.29 would likely usher in the next potential target around 34.48. On the flipside, a break above 36.38 would mean that bullish momentum has prevailed and buyers would likely push price to the next resistance around 36.80 and then 37 levels.
Breakout of these levels are not ruled out according to analysts
Fig. 1 XAGUSD 4H, tradingview.
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