Heightened geopolitical and economic uncertainties, along with positive price expectations, spurred silver investment in the first half of 2025. This action primarily drove the precious metal’s price in June to its highest level in 13 years. Silver Price The average annual silver price rose 25% through the first six months of 2025, only marginally lower than the average gold price, which increased by 26% during the same period. The elevated gold:silver ratio in April and May also made silver appear undervalued from a long-term perspective. Meanwhile, improving sentiment in the industrial metals sector, following the ... (full story)