Interactive chart of historical data for real (inflation-adjusted) silver prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

Silver fell to 35.86 USD/t.oz on July 1, 2025, down 0.67% from the previous day. Over the past month, Silver's price has risen 3.16%, and is up 21.22% 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 July of 2025.

The price of an ounce of silver increased sharply in 2021, rising around 17 percent from January 28 to February 1. The cause of this increase is attributed to retail investors mobilized via social media with the intention of causing losses to professional investors, similar to the rise in the stock price of video game retailer GameStop, and the stock price of cinema operator AMC several days beforehand. As of midnight July 18, 2023, the price of silver was trading at 24.9 U.S. dollars per troy ounce.

During the last quarter of 2024, the silver prices in the USA reached 31.3 USD/toz (H2 2024 Avg Price) in December. As per the silver price chart, prices surged during the latter half of 2024, largely influenced by the Federal Reserve’s interest rate cuts, which diminished the dollar. This shift made silver an attractive investment, particularly as a lower-cost alternative to gold.

Explore IMARC’s newly published report, titled “Silver Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of silver pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

This statistic depicts the average annual prices for silver from 2014 through 2026*. In 2023, the average price for silver stood at 23.4 nominal U.S. dollars per troy ounce.

This statistic depicts the average monthly prices for silver worldwide from January 2014 through January 2025. In January 2025, the average monthly price for silver worldwide stood at 30.41 nominal U.S. dollars per troy ounce.

In 2024, the average nominal price of silver in India was ****** Indian rupees for one kilogram, which was an increase of over ****** rupees from the previous year, and the highest figure during the period of consideration.

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

In 2005, the annual average price for one ounce of the precious metal silver on the Comex exchange was 7.33 U.S. dollars. By 2023, the annual average price of silver grew to 23.58 U.S. dollars per ounce.

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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Interactive chart of historical daily platinum prices back to 1985. The price shown is in U.S. Dollars per troy ounce.

Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 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 8,100 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 five 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 23.5 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 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Bullion Price: Monthly Average: Mumbai: Silver data was reported at 95,524.000 INR/kg in Feb 2025. This records an increase from the previous number of 90,020.000 INR/kg for Jan 2025. Bullion Price: Monthly Average: Mumbai: Silver data is updated monthly, averaging 19,356.000 INR/kg from Apr 1990 (Median) to Feb 2025, with 419 observations. The data reached an all-time high of 95,524.000 INR/kg in Feb 2025 and a record low of 5,554.000 INR/kg in Mar 1993. Bullion Price: Monthly Average: Mumbai: Silver data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.PG002: Memo Items: Bullion Price.

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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.

Precious metals, including platinum, palladium, gold, and silver, continue to be sought-after commodities in various industries, from consumer electronics and jewelry to renewable energy and wealth management. The market for precious metals is driven by their unique properties, such as high conductivity, resistance to corrosion, and use as catalysts in various applications. Composite materials incorporating precious metals, like tellurium in solar panels and beacon materials in semiconductors, are gaining popularity due to their enhanced performance. Moreover, the growing focus on Environmental, Social, and Governance (ESG) factors is influencing the market, with consumers and investors increasingly demanding responsible sourcing and ethical mining practices.
Platinum, for instance, is extensively used in catalytic converters In the automotive industry to reduce emissions, making it a critical component In the transition to cleaner transportation. In the realm of consumer electronics, precious metals are essential for the production of high-performance computer components, such as memory chips and connectors. Renewable energy technologies, like solar panels and fuel cells, also rely on precious metals for their efficient operation. Exchange-Traded Funds (ETFs) offer investors a cost-effective way to gain exposure to the markets, making them an attractive investment option during economic uncertainty. However, challenges persist, such as the environmental impact of mining and extraction processes, geopolitical risks, and supply chain disruptions.
Addressing these challenges through sustainable mining practices, technological innovations, and strategic partnerships will be crucial for the continued growth of the market.

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

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The market encompasses gold, silver, platinum, and palladium, each with distinct roles in various industries. Gold, a traditional safe-haven asset, maintains demand for jewelry and as a store of value. Silver, with applications in jewelry, electronics, solar panels, and electric vehicles, exhibits price volatility due to its diverse usage. Platinum and palladium, collectively known as platinum group metals, are essential components in catalytic converters, electronics, and renewable energy technologies. The market size is substantial, driven by increasing demand from the electrical and electronics sector, solar panel manufacturers, and the jewelry industry. Environmental concerns and regulations, such as those related to carbon emissions and environmental pollution, further influence market dynamics.
The Silver Institute and World Gold Council serve as key sources of industry insights and research.

How is this 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


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa

    Brazil


  South America

By Type Insights

The gold segment is estimated to witness significant growth during the forecast period. Precious metals, including gold, silver, platinum, and palladium, held significant market value in 2024. Gold, in particular, led the segment due to its enduring appeal as a safe-haven asset and store of value. Central banks, such as the US Federal Reserve and the Bank of Germany, continue to accumulate gold reserves, while investors seek refuge during economic uncertainty. Gold's unique properties, like malleability and conductivity, make it indispensable in various industries, including electronics, dentistry, and jewelry. The rise of gold exchange-traded funds (ETFs) has boosted investor accessibility, creating liquidity and demand. Despite price fluctuations, gold's importance remains undeniable, serving as a standard for stability and asset preservation amidst global financial volatility.

Silver, platinum, and palladium also hold importance in diverse applications, such as jewelry, electronics, solar panels, electric vehicles, and catalytic converters. The market is influenced by geopolitical tensions, inflation concerns, currency fluctuations, and environmental impact, including climate change and renewable energy sources. The industry adheres to circular economy principles, sustainability, and brand reputation, offering eco-friendly products and complying wit

In 2024, the ASEAN silver market decreased by -5.1% to $3.6B, falling for the third consecutive year after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $4.2B. From 2022 to 2024, the growth of the market failed to regain momentum.

Copper fell to 5.07 USD/Lbs on June 27, 2025, down 0.04% from the previous day. Over the past month, Copper's price has risen 8.79%, and is up 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on June of 2025.

Zinc fell to 2,777.35 USD/T on June 30, 2025, down 0.19% from the previous day. Over the past month, Zinc's price has risen 2.95%, but it is still 5.16% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc - values, historical data, forecasts and news - updated on June of 2025.

Silver Lake Resources reported AUD1.31B in Assets for its fiscal semester ending in December of 2023. Data for Silver Lake Resources | SLR - Assets including historical, tables and charts were last updated by Trading Economics this last July in 2025.

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...