Silver rose to 41.05 USD/t.oz on September 10, 2025, up 0.41% from the previous day. Over the past month, Silver's price has risen 9.11%, and is up 43.16% 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 September of 2025.

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The Silver Market report segments the industry into Type (Fine Silver, Sterling Silver, Argentium Silver, Coin Silver, Other Types), Application (Physical Investment (bars), Electrical and Electronics, Photographic Films, Brazing Alloys, Jewelry and silverware, Pharmaceuticals, Other Applications), and Geography (Production Analysis, Consumption Analysis). Get five years of market history and forecasts for future trends.

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

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...

After two years of decline, the Europe silver market increased by 35% to $11.9B in 2024. In general, consumption, however, continues to indicate a pronounced decrease. The level of consumption peaked at $17.3B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

The global Silver Market is valued at $30 billion in 2024 and is projected to reach $50 billion by 2034, growing at a CAGR of 5.2%.

The Silver Market size is expected to reach a valuation of USD xx billion in 2033 growing at a CAGR of 10.10%. The Silver Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

In 2024, the global silver market was finally on the rise to reach $65.1B for the first time since 2021, thus ending a two-year declining trend. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $65.6B. From 2022 to 2024, the growth of the global market failed to regain momentum.

The global silver market was valued at USD 22.50 Billion in 2024. The industry is expected to grow at a CAGR of 4.50% during the forecast period of 2025-2034 to reach a value of USD 34.94 Billion by 2034.

The silver market has evolved far beyond its traditional ornamental uses, becoming essential in clean energy infrastructure and antimicrobial health technologies. In 2023, the Silver Institute reported that global silver demand reached 1.24 billion ounces, driven primarily by industrial sectors. This growing industrial demand is exemplified by India’s push to electrify its railway network by 2030, a move expected to significantly increase silver consumption due to its excellent conductivity and efficiency in electrical applications.

Meanwhile, silver consumption in solar photovoltaics is also growing rapidly. In China alone, the National Energy Administration plans to add 160GW of solar capacity in 2025, prompting demand for silver paste used in solar panels. This emerging solar-silver dynamic is steering large-scale investments from metal producers into refining technologies that reduce silver wastage, improving both profitability margins and sustainability.

In addition, Germany’s push for antibacterial building materials has seen increased uptake of silver-infused coatings in construction, boosting the growth of silver market. This shift is part of a USD 500 million German green-building initiative announced in 2024, where silver’s antimicrobial properties are being favoured in public and healthcare facilities. Schools, airports, and eldercare centres are now specifying silver-integrated surfaces to curb microbial transmission, especially in high-contact zones. Developers and material engineers are collaborating to embed silver at the material level, rather than applying it post-construction, ensuring longer durability and effectiveness.

Rapid growth in the silver market can be attributed to the spike in industrial usage, especially in photovoltaics, electric vehicles, and 5G electronics. For instance, the solar energy sector consumed nearly 140 million ounces of silver in 2024, as per the Silver Institute report. This demand is expected to grow with supportive government policies like the U.S. Inflation Reduction Act, which allocates huge funds for renewable infrastructure, indirectly boosting consumption.

EV production is another motivator boosting the silver demand. In Asia, the silver-ion battery market is gaining serious traction, especially in Japan and South Korea. Both countries are aggressively investing in next-gen battery technologies to reduce reliance on rare earth materials and improve energy efficiency. In 2024, Japan’s Ministry of Economy, Trade and Industry allocated over USD 300 million to advanced battery R&D, focusing on silver-based chemistries. South Korean firms like LG Energy Solution and SK Innovation are also integrating silver into battery anodes for enhanced conductivity and thermal stability.

Meanwhile, advanced silver recovery techniques from e-waste in Europe are attracting sustainable investment funds, reshaping the sourcing process of silver. Startups in the Netherlands and Sweden are pioneering low-impact hydrometallurgical extraction methods, which reduce emissions at a significant extent. The EU’s 2025 Circular Economy Action Plan further incentivizes such innovations, making recycled silver a strategic resource.

The global colloidal silver market is valued at USD 7.23 billion in 2025 and is slated to reach USD 17.75 billion by 2035, which shows a CAGR of 9.4% over the forecast period.

Metric	Value
Industry Size (2025E)	USD 7.23 billion
Industry Value (2035F)	USD 17.75 billion
CAGR (2025 to 2035)	9.4%

Analyzing Colloidal Silver Market by Top Investment Segments

Form	Share (2025)
Powder	72.4%
Liquid	27.6%

By Particle Size	Share (2025)
5 to 10nm	48.1%
11 to 20nm	27%

End User	Share (2025)
Healthcare	52%
Dietary Supplements	38%

How Has the Market Progressed So Far in 2024?

Market Statistics	Details
Jan to Jun (H1), 2020 (A)	7.9%
Jul to Dec (H2), 2020 (A)	8.2%
Jan to Jun (H1), 2021 (A)	8.7%
Jul to Dec (H2), 2021 (A)	8.6%
Jan to Jun (H1), 2022 (A)	9.0%
Jul to Dec (H2), 2022 (A)	9.5%
Jan to Jun (H1), 2023 (A)	9.6%
Jul to Dec (H2), 2023 (P)	9.7%
Jan to Jun (H1), 2024 (P)	9.8%
Jul to Dec (H2), 2024 (P)	9.9%

Colloidal Silver Market Analyzed by Top Countries

Countries	CAGR (2025 to 2035)
USA	8.8%
UK	7.7%
Japan	9.4%
Germany	7.3%
France	7.0%

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Predicting Silver Prices with Machine Learning: Promising Approaches and Considerations

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Turkey Silver Market: IGE: TRY: Last Trade Day: Transaction Value data was reported at 0.000 TRY in Oct 2018. This records a decrease from the previous number of 578,956.240 TRY for Sep 2018. Turkey Silver Market: IGE: TRY: Last Trade Day: Transaction Value data is updated monthly, averaging 393,850.000 TRY from Jul 1999 (Median) to Oct 2018, with 232 observations. The data reached an all-time high of 7,713,000.000 TRY in Feb 2011 and a record low of 0.000 TRY in Oct 2018. Turkey Silver Market: IGE: TRY: Last Trade Day: Transaction Value 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.

The size of the Silver Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 5.00% during the forecast period. Silver is known for its unique properties and it is gaining importance within industries particularly in emerging technologies. It is also becoming popular among investors as a way of securing their wealth when there is economic uncertainty. Growth of luxury goods industry, along with the rising popularity of silver jewelry in fashion, is driving increased demand in this sector, particularly in emerging markets. Furthermore, silver's superior conductivity and antibacterial qualities make it vital in a variety of industrial applications, including electronics, solar panels, and medical equipment, resulting in significant increases in industrial demand. Advances in silver applications, notably in nanotechnology and healthcare, are creating new opportunities for market growth. As disposable incomes rise and shifting consumer preferences towards silver consumption in both jewelry and industrial uses in developing economies is likely to fuel significant growth in the market. 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: Stringent Regulations on the Production and Consumption of Silver due to Health-Related Issues. Notable trends are: Electrical and Electronics Application to Dominate.

This statistic depicts the average monthly prices for silver worldwide from January 2014 through June 2025. In June 2025, the average monthly price for silver worldwide stood at ***** nominal U.S. dollars per troy ounce.

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

The U.S. silver market rose remarkably to $7.5B in 2024, picking up by 6.4% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $7.5B in 2012; afterwards, it flattened through to 2024.

The global nano silver market size is assessed to grow at a CAGR of 12.90% between 2025 and 2034. The market is being aided by the rising use of nano silver in different end-use industries, including food and beverage and water treatment, among others.

Discover the latest trends in the silver market, driven by increasing demand for silver plated with gold or platinum. Forecasted market performance and value trends are analyzed for the period from 2024 to 2030.

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.