Silver Rally Ready: Analysts Expect 100 Dollars

Unexpected Rise in Silver Prices

This year's extraordinary increases in gold prices have become a significant topic of discussion in the markets. However, silver has quietly managed to accompany this rally in gold. According to analysts, the price of silver may double in the coming years and reach a new record level.

Current Situation in the Silver Market

Spot silver not only surpassed 50 dollars per ounce last week, but also traded above this figure. In particular, it reached as high as 51 dollars in London, while silver futures in New York climbed 49 dollars with a 4.5% increase. Silver has gained over 78% in value since the beginning of the year, whereas spot gold has shown an increase of just over 50%.

Initial Effects and Investor Sentiment

Fluctuations in broader capital markets have encouraged investors to turn to safe-haven assets. Paul Syms, head of EMEA fixed income securities and commodities management unit, notes that interest in silver has increased following the gold rally. Syms stated, "Interest in silver has significantly increased during periods when the gold-silver ratio has exceeded 100."

Industrial Uses of Silver

Silver plays a significant role not only as a store of value but also as an industrial commodity. It is a critical component in many technological products such as electrical switches, solar panels, and mobile phones. Furthermore, its role in semiconductors used in artificial intelligence processes should not be overlooked. Paul Williams expressed that this rise in silver is directly linked to industrial demand and high investments in green technologies.

Where Are Silver Prices Headed?

Forecasts about the future of silver prices carry uncertainty, but experts believe the bull market will continue until 2026. Philippe Gijsels anticipates that silver, having surpassed the 50 dollar barrier, could double in value. Gijsels stated, "Investors are turning to real assets in this period of high inflation and prevailing uncertainty." According to him, a 100 dollar silver price is absolutely possible under the current conditions.