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Will Silver break $50 in the second half of 2025? [Video]

As we enter the second half of 2025, the writing is on the wall: the greatest wealth transfer in history is underway. A powerful new phase of the Commodities Supercycle is now in motion and traders who position smartly are set to capitalize on the biggest financial shift of our lifetime.

While Gold has dominated headlines in the first-half of 2025, smashing through $3,500 to hit all-time highs, Silver has quietly been preparing for its moment. In mid-June, Silver rocketed past $37 an ounce for the first time since 2011, surging with the kind of momentum that typically signals the beginning of a Supercycle. 

Now, with geopolitical risks simmering, industrial demand soaring and inflationary pressures returning, all eyes are on one key level: $50. 

On paper, things may appear normal. But beneath the surface, the second half of 2025 is shaping up to be one of the most volatile economic stretches in recent history.

From rising tensions in the Middle East to the looming expiration of Trump’s 90-day tariff pause – markets are bracing for fresh shocks. Central banks are cornered, inflationary pressures remain elevated and sovereign debt has hit unsustainable levels. In short: traders and investors are scrambling for safe-assets. 

Silver sits at the crossroads of this macro storm. Unlike Gold, it offers not only monetary protection – but also industrial utility. According to analysts at GSC Commodity Intelligence – “Silver is critical to the Green Energy transition, Electric Vehicles, Solar Panels, and the AI Data Centre boom. This dual role makes Silver the most asymmetric trade setup of the decade”. 

After spiking to $37 an ounce earlier this month, Silver has pulled back modestly to the $36 area. Some sceptics see this as a stalling point. However, GSC Commodity Intelligence notes – seasoned traders view this as classic consolidation. In other words “a pause before Silver’s next leg higher”. 

“The setup is identical to what we saw in 2011,” say analyst at GSC Commodity Intelligence. “Every major Gold breakout has historically been followed by an even more explosive surge in Silver. We saw it in the 1970s, we saw it in 2011 – and we’re seeing the early stages again now.” 

The Gold-to-Silver ratio remains elevated near 90, far above its historical mean of 60. If Silver simply reverts to this norm, it implies a move well beyond $50 an ounce. 

Gold has already doubled. Silver by contrast, is still trading at just a fraction of its inflation-adjusted high. To match its 1980 peak, Silver would need to hit $75. To rival its 2011 momentum, it would need to approach $100. From here, the runway is wide open. 

But this isn’t just about price. It’s about positioning. Silver is deeply under-owned, structurally scarce and strategically vital to modern economies. 

As analysts at GSC wrote in a recent client note: 

“Silver is where Gold was two years ago – under-accumulated and on the verge of explosive revaluation. And unlike Gold, Silver has real-world utility and embedded leverage. From current levels, the upside is enormous.” 

With macro tailwinds intensifying and technical momentum building, Silver’s move above $36 may prove to be just the beginning. 

This is the breakout Silver bulls have waited over 13 years for. As analysts at GSC puts it: “For traders who missed the move in Gold – Silver may be the second chance they’ve been waiting for. Any pullbacks should be viewed as buying opportunities because prices won't stay low for long”. 

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions: 

Author

Phil Carr

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

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