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Silver rose to 50.01 USD/t.oz on October 10, 2025, up 1.38% from the previous day. Over the past month, Silver's price has risen 20.45%, and is up 58.62% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver - values, historical data, forecasts and news - updated on October of 2025.

View monthly updates and historical trends for Silver Price. from United States. Source: World Bank. Track economic data with YCharts analytics.

Silver futures contracts to be settled in December 2028 were trading on U.S. markets at around ** U.S. dollars per troy ounce on June 20, 2023. This is above the price of ***** U.S. dollars per troy ounce for contracts to be settled in May 2024, indicating silver traders expect the price of silver to decrease over the next five years. Silver futures are contracts that effectively lock in a price for an amount of silver to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

Silver prices in , September, 2025 For that commodity indicator, we provide data from January 1960 to September 2025. The average value during that period was 9.7 USD per troy ounce with a minimum of 0.91 USD per troy ounce in January 1960 and a maximum of 42.82 USD per troy ounce in September 2025. | TheGlobalEconomy.com

Turkey Silver Market: IGE: USD: Last Trade Day: Close Price data was reported at 0.000 USD/oz in Jul 2018. This records a decrease from the previous number of 16.000 USD/oz for Jun 2018. Turkey Silver Market: IGE: USD: Last Trade Day: Close Price data is updated monthly, averaging 6.675 USD/oz from Aug 1999 (Median) to Jul 2018, with 212 observations. The data reached an all-time high of 49.000 USD/oz in Apr 2011 and a record low of 0.000 USD/oz in Jul 2018. Turkey Silver Market: IGE: USD: Last Trade Day: Close Price data remains active status in CEIC and is reported by Borsa Istanbul . The data is categorized under Global Database’s Turkey – Table TR.Z021: Istanbul Gold Exchange: Silver Market.

Dataset of historical annual silver prices from 1970 to 2022, including significant events and acts that impacted silver prices.

According to Cognitive Market Research, the global silver bullion market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The US had the most significant global silver bullion market revenue share in 2024.

Market Dynamics of Silver Bullion Market

Key Drivers of Silver Bullion Market

Increasing Demand for Safe Haven Investments

The increasing wish for safe haven investments is driving the market for silver bullion to continue growing. Investors look for assets that deliver stability and wealth preservation throughout difficult economic, geopolitical, and market situations. Due to its inherent worth and historical importance as a wealth vault, silver is drawing more and more attention from investors trying to diversify their holdings and protect themselves from inflation and currency depreciation. The COVID-19 pandemic's aftereffects, trade disputes, and geopolitical tensions have all contributed to the current state of the global economy, which has raised investor anxieties and increased demand for silver bullion. Concerns about possible inflationary pressures are developing as governments execute large stimulus programs and central banks adopt loose monetary policies; this is pushing investors into physical assets like silver.

Increasing Industrial Applications Will Promote Market Expansion

The market for silver bullion is also expected to rise significantly due to the growing number of industrial uses. Due to its special qualities, which include its high conductivity, malleability, and resistance to corrosion, silver is used in a wide range of industries, including electronics, healthcare, automotive, and renewable energy. The industrial demand for silver is anticipated to grow in the upcoming years due to technological developments and advancements boosting demand in developing applications including solar panels, electric vehicles, and 5G technology. Silver's industrial demand is further bolstered by its antibacterial characteristics, which render it increasingly desirable in therapeutic applications. The market for silver bullion is expected to increase steadily as long as industries keep innovating and creating new goods that need silver. Investors who are eager to profit from the growing industrial need for this precious metal will be drawn to this market.

Restraint Factors Of Silver Bullion Market

Volatility in Precious Metal Prices will hinder market growth.

The price volatility of precious metals can have a substantial impact on the development of the silver bullion market. The price of silver can vary due to changes in currency values, geopolitical tensions, and global economic conditions. Investors get indeterminate as a result of these swings, which could make them unwilling to buy silver bullion. Investors who bought silver at higher prices may lose money as a result of abrupt price reductions, which could affect market liquidity and confidence. Businesses that use silver as a raw resource, such as manufacturers, face difficulties due to the unpredictable nature of silver pricing. Businesses may find it challenging to correctly manage expenses and plan production schedules in the face of shifting silver prices. Price variations can disrupt the supply chain, as suppliers and buyers are driving the changing market conditions.

Market participants may use hedging techniques or look for alternate investments to lessen the impact of price volatility, which could result in money being taken out of...

In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** U.S. dollars. Precious metals Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At ***** tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank. Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some **** million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals. In 2023, Silver prices are expected to settle at around **** U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Gold rose to 4,015.59 USD/t.oz on October 10, 2025, up 1.02% from the previous day. Over the past month, Gold's price has risen 10.56%, and is up 51.13% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold - values, historical data, forecasts and news - updated on October of 2025.

Explore the factors influencing silver prices in the USA, including market demand, industrial use, and macroeconomic conditions. Understand how silver navigates as both a precious metal and industrial commodity amid economic trends, technological advancements, and policy shifts.

The price of gold per troy ounce increased considerably between 1990 and 2025, despite some fluctuations. A troy ounce is the international common unit of weight used for precious metals and is approximately **** grams. At the end of 2024, a troy ounce of gold cost ******* U.S. dollars. As of * June 2025, it increased considerably to ******** U.S. dollars. Price of – additional information In 2000, the price of gold was at its lowest since 1990, with a troy ounce of gold costing ***** U.S. dollars in that year. Since then, gold prices have been rising and after the economic crisis of 2008, the price of gold rose at higher rates than ever before as the market began to see gold as an increasingly good investment. History has shown, gold is seen as a good investment in times of uncertainty because it can or is thought to function as a good store of value against a declining currency as well as providing protection against inflation. However, unlike other commodities, once gold is mined it does not get used up like other commodities (for example, such as gasoline). So while gold may be a good investment at times, the supply demand argument does not apply to gold. Nonetheless, the demand for gold has been mostly consistent.

Get the latest insights on price movement and trend analysis of Silver in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The U.S. silver market rose sharply to $7.5B in 2024, increasing by 6.2% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $7.5B in 2012; afterwards, it flattened through to 2024.

Turkey Silver Market: IGE: USD: Weighted Avg Price data was reported at 16.390 USD/oz in Jun 2018. This records a decrease from the previous number of 16.500 USD/oz for May 2018. Turkey Silver Market: IGE: USD: Weighted Avg Price data is updated monthly, averaging 15.000 USD/oz from Aug 1999 (Median) to Jun 2018, with 210 observations. The data reached an all-time high of 40.130 USD/oz in Aug 2011 and a record low of 4.230 USD/oz in Nov 2001. Turkey Silver Market: IGE: USD: Weighted Avg Price data remains active status in CEIC and is reported by Borsa Istanbul . The data is categorized under Global Database’s Turkey – Table TR.Z021: Istanbul Gold Exchange: Silver Market.

Silver Target Market Outlook

The global silver target market size is projected to grow from USD 23.5 billion in 2023 to USD 35.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period. This growth is primarily driven by a combination of increasing industrial applications, heightened investment interest, and the expanding jewelry market. As industrial sectors continue to innovate and scale, the demand for silver as an essential component in various manufacturing processes is expected to rise. Moreover, silver's dual status as both a precious metal and an industrial commodity positions it uniquely in the financial and manufacturing landscapes, enhancing its appeal and driving market expansion.

One of the primary growth factors for the silver target market is its extensive industrial applications, particularly in electronics, photovoltaics, and automotive sectors. Silver's superior electrical conductivity makes it indispensable for electronic devices, and as the world moves towards digitalization and connectivity, the demand for such devices escalates. In the photovoltaics industry, silver plays a crucial role in solar panel production, supporting the global shift towards renewable energy sources. This transition is anticipated to augment silver demand significantly. Additionally, the automotive industry, with its increasing focus on electric vehicles (EVs), relies on silver for its electrical systems, further propelling market growth. The convergence of these industrial needs underscores the metal's vital role in contemporary innovation and technological advancement.

Investment demand also significantly contributes to the silver market's growth. With economic uncertainties and inflation concerns, investors often turn to precious metals like silver as a hedge against currency devaluation. Silver, being more affordable than gold, provides an attractive investment option for a broader audience, including individual and institutional investors. The accessibility of silver, combined with its potential for appreciation, makes it a popular choice for diversifying investment portfolios. Moreover, the rise of digital and online trading platforms has made silver more accessible to investors, further boosting its demand. As economic conditions fluctuate, the stability and security offered by investing in silver ensure its continued prominence in the investment landscape.

The jewelry market remains a significant driving force behind the demand for silver. Silver jewelry, renowned for its affordability, versatility, and aesthetic appeal, continues to witness robust demand across various demographics. The growing trend of personalization and customization in jewelry, spurred by consumer preferences for unique and bespoke items, is fueling silver demand. Moreover, cultural and traditional events, particularly in regions like Asia and the Middle East, where silver holds cultural significance, further drive its market. These factors, combined with the evolving fashion trends and increased disposable incomes in emerging economies, are pivotal in sustaining the jewelry market's demand for silver.

Product Type Analysis

The silver target market is segmented by product types, including bullion, coins, jewelry, industrial silver, and others. Bullion remains a prominent category, primarily driven by its value storage and investment appeal. Investors globally seek bullion as a tangible and enduring asset, often during economic volatility. The price of bullion is closely tied to market dynamics and investor sentiment, and its demand is expected to rise as more individuals and institutions diversify their portfolios. The intrinsic value and liquidity of bullion make it an attractive option for both short-term and long-term investments.

Coins represent another significant segment within the silver market. The demand for silver coins is fueled by both collectors and investors who perceive them as a safe investment and a piece of history or art. Unlike bullion, coins offer potential numismatic value, which can appreciate over time. This dual appeal attracts a diverse range of buyers. Moreover, national mints worldwide regularly issue commemorative coins, which draw interest from collectors and investors alike. The limited issuance of certain coin series can also drive demand and increase their value over time, making them a strategic investment choice.

Jewelry crafted from silver continues to be in vogue, driven by its affordability and versatility. Silver jewelry appeals across a wide demographic, catering to both contemporar

Silver Bullion Market Outlook 2032

The global silver bullion market size was USD XX Billion in 2023 and is projected to reach USD XX Billion by 2032, expanding at a CAGR of XX% during 2024–2032. The market growth is attributed to the rising consume preference of silver for investment purpose.



The silver bullion market is experiencing an increasing trend, driven by a variety of factors. As a tangible asset with intrinsic value, silver bullion offers a hedge against inflation and currency fluctuations, which is attracting more investors. The growing industrial demand for silver, particularly in the electronics and solar energy sectors, is also contributing to the rising interest in silver bullion.

The recent volatility in the global economy has led to a surge in the demand for safe-haven assets, presenting significant opportunities for the market. With these driving factors, the market is poised for further growth, offering a wealth of opportunities for investors and stakeholders alike.

Impact of Artificial Intelligence (AI) onSilver Bullion Market

Artificial Intelligence has a positive impact on the silver bullion market by enhancing predictive analysis and decision-making processes. Advanced AI algorithms analyze vast amounts of data, including historical silver prices, global economic indicators, and market trends, to generate accurate forecasts. These insights enable investors and market players to make informed decisions, thereby optimizing their investment strategies.



AI contributes to operational efficiency by automating routine tasks, reducing human error, and improving risk management. It also fosters transparency in the market by detecting and preventing fraudulent activities through pattern recognition and anomaly detection.

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Explore the Silver/USD trading market, where silver's dual role as a commodity and pseudo-currency offers diverse investment opportunities. Learn how factors like industrial demand, economic conditions, and geopolitical events influence silver prices against the U.S. dollar.

According to Cognitive Market Research, The Global Silver Catalyst Market was valued at USD 3,102.25 Million in 2021 and is expected to reach USD 6,683.09 Million by the end of 2033, growing at a CAGR of 7.61% between 2025 to 2033.

The North America Silver Catalyst market size was USD 989.02 Million in 2021 and it is expected to reach USD 2,021.86 Million in 2033.
The Europe Silver Catalyst market size was USD 737.69 Million in 2021 and it is expected to reach USD 1,588.66 Million in 2033.
The Asia Pacific Silver Catalyst market size was USD 1,098.14 Million in 2021 and it is expected to reach USD 2,527.43 Million in 2033.
The South America Silver Catalyst market size was USD 173.97 Million in 2021 and it is expected to reach USD 346.87 Million in 2033.
The Middle East Silver Catalyst market size was USD 70.41 Million in 2021 and it is expected to reach USD 136.13 Million in 2033.
The Africa Silver Catalyst market size was USD 33.03 Million in 2021 and it is expected to reach USD 62.14 Million in 2033.

Market Dynamics of Silver Catalyst Market

Key Drivers for Silver Catalyst Market

Market Driver: Expanding Global Chemical Industry Demand

The growth of the global chemical industry is a major driver of the silver catalyst market, driven by increasing demand for essential chemicals such as ethylene oxide and formaldehyde. Silver catalysts are instrumental in the catalytic oxidation of ethylene to produce ethylene oxide—a precursor for products like antifreeze, detergents, and polyester fibers. Notably, ethylene oxide production alone accounts for approximately 60% of global silver catalyst consumption, emphasizing silver's central role in large-scale chemical processing. The United States, a major hub for chemical manufacturing, further supports this trend. In 2022, U.S. chemical exports surpassed $494 billion, and with chemical volumes forecasted to rise by 3.2% and shipments by 8.2%, demand for high-performance catalysts like silver is climbing. Similar trends are seen in emerging markets such as India, where the chemical industry showed projected revenue growth of 18–23% in FY22, contributing to increased usage of catalysts for efficient production.

In addition to bulk chemical production, the rising demand for specialty chemicals—including adhesives, coatings, and water treatment agents—has further propelled the need for silver catalysts. These sectors often require high-performance catalysts to support complex and technical production processes. For example, in 2022, there were 1,681 establishments in the U.S. dedicated to specialty chemicals. Additionally, foreign direct investment (FDI) of USD 7.6 billion in 2023 into the paints, coatings, and adhesives sector underlines the expanding market opportunity. Responding to this demand, manufacturers like Stanford Advanced Materials have developed silver catalysts tailored for high-efficiency oxidation reactions, including those used in the production of electronics and pharmaceuticals. These trends collectively highlight how expanding industrial applications and chemical output globally are key drivers of growth for the silver catalyst market.

Growing Electronics Industry to Propel Market Growth

The electronic industry represents a significant market for silver catalysts. This industry uses a lot of catalyst to produce formaldehyde and ethylene oxide, which are then used to make a variety of electronic components like electrical control knobs, computer key tops, household appliance components, and electrical insulating materials. The market is expanding as a result of the growing demand for electronic products, which is driving expansion in the electronic industry. For example, the German Electro and Digital Industry Association's Global Electric Market Outlook 2022 study states that South Korea's electronic industry achieved a volume of USD 218.01 billion in 2020, increasing by 4%.

Restraint Factor for the Silver Catalyst Market

Market Restraint: High Cost, Price Volatility, and Substitutes

One of the primary restraints in the silver catalyst market is the high cost and significant price volatility of silver, which can severely impact production economics. Silver prices are sensitive to global macroeconomic conditions, including trade tensions and monetary policy. For instance, silver surged above $32.30 per ounce amid U.S.-China trade friction and a weakening U.S. dol...

The global silver market, valued at approximately $XX million in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) exceeding 5.00% from 2025 to 2033. This growth is driven by increasing demand across diverse sectors. The jewelry and silverware segment remains a significant consumer, fueled by ongoing trends in personal adornment and luxury goods. Simultaneously, the electronics industry's reliance on silver in printed circuit boards and other components contributes considerably to market expansion. Furthermore, the rising popularity of silver as a physical investment, particularly in the form of bars and coins, bolsters market demand. The photographic film market, though declining, still contributes to silver consumption, and emerging applications in pharmaceuticals and brazing alloys are also expected to fuel modest growth. While fluctuating silver prices and potential supply chain disruptions pose challenges, the overall market outlook remains positive due to the metal's unique properties and diversified applications. However, the silver market faces certain restraints. Fluctuations in the price of silver, influenced by global economic conditions and investor sentiment, can impact demand and profitability. Furthermore, the exploration and extraction of silver can be environmentally challenging, necessitating responsible mining practices and increasing compliance costs. Competition from substitute materials in certain applications, such as electronics, could also influence market growth. The geographical distribution of silver production is uneven; certain regions concentrate significant mining activities, potentially leading to regional supply chain vulnerabilities. Despite these headwinds, the diverse applications of silver and continued investments in mining and refining technologies should mitigate these risks and support sustained market growth in the forecast period. Specific regional market shares are expected to vary, with North America and Asia-Pacific likely to dominate due to established industrial bases and increasing consumer demand. Recent developments include: April 2023: Impact Silver Corp. announced the completion of the share purchase and sale agreement with Consolidated Zinc Limited of Australia, the purchase of all outstanding shares of its subsidiary, Minera Latin America Zinc S.A.P.I de C.V., which holds a 100% interest in the high-grade, Plomosas zinc-lead-silver mine in the state of Chihuahua, northern Mexico. The agreement consists of a total price of USD 6 million out of which USD 3 million is to be given in cash and the balance in the form of IMPACT shares., March 2023: Pan American Silver Corp announced the USD 4.8 billion acquisition of all the issued and outstanding common shares of Yamana Gold, following the sale by Yamana of its Canadian assets, including certain subsidiaries and partnerships. With this acquisition, the company expects a material increase in the production of silver and gold, while also continuing to provide a preferred way to invest in silver through large silver mineral reserves and growth opportunities.. Key drivers for this market are: Increasing Demand for Silver in Industrial and Electrical Applications, Rising Demand for Silver in Jewelry and Silverware. Potential restraints include: Increasing Demand for Silver in Industrial and Electrical Applications, Rising Demand for Silver in Jewelry and Silverware. Notable trends are: Electrical and Electronics Application to Dominate.