Silver prices hit 13-year high of $37.30 per ounce due to market volatility and industrial demand

From Yahoo Finance: 2025-06-25 09:40:00

Silver price hit a 13-year high of $37.30 per ounce on June 18, driven by market volatility from Middle East tensions. The safe-haven rush and weakening US dollar are fueling silver’s growth, with a 20% YoY price increase. Industrial demand for silver in solar energy, electronics, and auto manufacturing is also boosting prices. Analysts predict silver may reach $40 per ounce and remain in an uptrend. However, caution is advised due to potential industrial demand shocks or geopolitical changes that could impact prices. Despite risks, positive sentiment remains for silver’s future growth in 2025. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points due to concerns about rising inflation and interest rates.

2. A new study published in a medical journal revealed that regular exercise can significantly reduce the risk of developing dementia in older adults by up to 30%.

3. The United Nations reported that over 1 million species are at risk of extinction due to human activity, with deforestation and climate change being major contributing factors.

4. The latest data from the Labor Department showed that the unemployment rate has dropped to 3.8%, the lowest it has been in nearly 50 years, with 263,000 jobs added in the month of April.

5. A groundbreaking archaeological discovery was made in Egypt, where a tomb dating back over 4,000 years was unearthed, containing well-preserved artifacts and mummies.



Read more at Yahoo Finance: Silver Price Outlook