Silver rose to 37.02 USD/t.oz on August 1, 2025, up 0.93% from the previous day. Over the past month, Silver's price has risen 1.25%, and is up 29.60% 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 August of 2025.

Silver prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 9.59 USD per troy ounce with a minimum of 0.91 USD per troy ounce in January 1960 and a maximum of 42.7 USD per troy ounce in April 2011. | TheGlobalEconomy.com

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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.

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.

In the first quarter (Q1) of 2025, the price per troy ounce of silver was approximately ** U.S. dollars worldwide. The price of silver rose from ***** to over ** U.S. dollars per troy ounce between Q1 and Q4 2024.

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.

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.

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...

This statistic depicts the average annual prices for silver from 2014 through 2026*. In 2024, the average price for silver stood at 28.3 nominal U.S. dollars per troy ounce.

The Chinese silver market rose sharply to $12.9B in 2024, surging by 6.3% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Silver consumption peaked in 2024 and is expected to retain growth in years to come.

This dataset provides values for SILVER reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Avino Silver price/book ratio from 2011 to 2025. Price/book ratio can be defined as

Discover why silver is a top investment in 2025, with record ETP inflows and soaring prices, alongside regional retail trends and future market predictions.

Avino Silver price to free cash flow ratio from 2011 to 2025. Price to free cash flow ratio can be defined as

Graph and download economic data for Import Price Index (Harmonized System): Silver (Including Silver Plated with Gold or Platinum), Unwrought or in Semimanufactured Forms, or in Powder Form (IP7106) from Dec 2021 to Jun 2025 about silver, harmonized, imports, price index, indexes, price, and USA.

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Precious Metals Market Size 2025-2029

The precious metals market size is forecast to increase by USD 105.3 billion, at a CAGR of 6.4% between 2024 and 2029. The market is characterized by its role as a safe haven in times of economic instability. Amid increasing global uncertainty, investors continue to seek refuge in precious metals, driving market demand.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% share in 2023.
The market is expected to grow significantly in North America region as well over the forecast period.
Based on the Type, the gold segment led the market and was valued at USD 110.60 billion of the global revenue in 2023.
Based on the Application, the industrial segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 289.40 Billion
Future Opportunities: USD 105.3 Billion
CAGR (2024-2029): 6.4%
APAC: Largest market in 2023

The market continues to evolve, driven by diverse applications across various sectors. Refining byproducts serve as crucial inputs in numerous industries, such as silver halide photography and catalytic converters. Metal corrosion resistance makes precious metals indispensable in secondary refining processes, dental gold alloys, and jewelry manufacturing techniques. Industry growth expectations remain robust, with precious metal trading projected to expand by 5% annually. For instance, the gold refining process has seen significant advancements in metal purity standards, leading to the production of investment-grade bullion. Silver recovery methods have also improved, enabling higher yields from ore processing methods. Platinum group metals, including palladium, find extensive applications in chemical extraction methods, electroplating processes, and electronic components.

What will be the Size of the Precious Metals Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Metal futures contracts provide a vital platform for precious metal investment, allowing market participants to hedge against spot price fluctuations. Metallurgical analysis plays a pivotal role in understanding metal alloy composition and assaying techniques, ensuring consistent product quality. Meanwhile, mining production data and metal refining technology continue to advance, enhancing mine efficiency and reducing production costs. An illustrative example of market dynamics can be seen in the silver market, where the price increased by 30% in 2020 due to increased industrial demand and reduced mine production. Precious metal recycling and platinum electrode fabrication further contribute to the market's continuous unfolding. The silver segment is the second largest segment of the type and was valued at USD 102.90 billion in 2023.

However, this market is not without challenges. The growing focus on Environmental, Social, and Governance (ESG) factors poses significant obstacles. Specifically, concerns over the environmental impact of mining and extraction processes are gaining prominence, potentially leading to increased regulations and operational challenges for market participants. Companies must navigate these regulatory hurdles while also addressing social concerns, such as labor rights and community engagement, to maintain a positive market reputation.

In addition, governance issues, including transparency and ethical sourcing, continue to be critical considerations for investors. To capitalize on market opportunities and effectively manage these challenges, companies must prioritize sustainable practices, robust stakeholder engagement, and transparent reporting. By doing so, they can not only mitigate risks but also differentiate themselves in a competitive market landscape.

How is the Precious Metals Industry segmented?

The precious metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Gold
  Silver
  Platinum


Application

  Industrial
  Jewelry
  Investment


End-use Industry

  Jewelry Manufacturing
  Automotive (Catalytic Converters)
  Electronics
  Chemical Processing
  Healthcare


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The gold segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 110.60 billion in 2023. It continued to the largest segment at a CAGR of

In 2023, supplies from abroad of silver including silver plated with gold or platinum was finally on the rise to reach 7.8K tons for the first time since 2020, thus ending a two-year declining trend.

In 2024, the Nepalese silver market increased by 143% to $64M for the first time since 2021, thus ending a two-year declining trend. In general, consumption continues to indicate perceptible growth. Over the period under review, the market attained the maximum level at $209M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

Global Silver Paste market size 2025 was XX Million. Silver Paste Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.