Financial woes and geopolitical tensions have been making precious metals continually gain value with no end to their appreciation in sight.
On Wednesday morning, the price of silver rose to a 13-year high at US$36 per ounce. Meanwhile, gold has also soared to unprecedented heights, with many analysts predicting that buying bullion or mining stocks will yield significant gains in the years to come.
Gold miners like Calibre Mining Corp (TSE: CXB) (OTCMKTS: CXBMF) (FRA: WCLA) are considered by many to be undervalued at the moment. Investing in silver producers like Fresnillo plc (OTCMKTS: FNLPF) or Pan American Silver Corp (TSE: PAAS) (NYSE: PAAS) may also be worthy of consideration.
Since Jan. 1, the spot price of silver has risen by about 25 per cent. The commodity is in particularly high demand for solar products and other industrial applications. Gold has shot up by approximately 28 per cent this year and is current worth US$3,350 per ounce.
A recent survey completed by The Silver Institute in Washington, DC determined that silver demand was exceeding supply by 15 per cent last year and that a substantial deficit would remain throughout 2025.
“Overall, global silver demand exceeded silver supply for the fourth consecutive year, resulting in a structural market deficit of 148.9 Moz in 2024,” the institute said in April.
The commodity’s historic high of US$50 per ounce was reached in 2011 and 1980. Its upward trajectory may make that figure a reality once again in the next couple of years.
“The breakout has been brewing for a while,” said Sprott Asset Management’s Chief Investment Officer, Maria Smirnova, in a statement sent to MarketWatch, “as silver had attempted to break through the US$35 level a couple of times in recent months, so this is highly significant.”
Coin Price Forecast just predicted that coins would be worth US$40 apiece any day now. By 2030, the financial predictions platform believes they will be trading for US$80.
Similarly in February, Toronto-Dominion Bank (TSE: TD) senior commodity strategist Daniel Ghali estimated that an ounce will be valued at US$40 by the end of the year.
Keep in mind, this is only the third time in history that the #silver price has been above $36 per ounce… pic.twitter.com/sR0L0o8qnS
— Chris Marcus (@ArcadiaEconomic) June 5, 2025
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