Global Silver Investment Surges in 2025 Amid Market Uncertainty: Report

jewellery magazine

Global investment in silver surged in the first half of 2025, driven by geopolitical and economic uncertainties and strong price expectations. This momentum pushed silver prices in June to a 13-year high.

Silver prices rose 25% through June, closely tracking gold’s 26% rise. A high gold-to-silver ratio earlier this year made silver appear undervalued, attracting fresh interest. Positive sentiment in industrial metals, sparked by renewed US-China trade talks, also boosted silver.

Silver-backed exchange-traded products (ETPs) saw net inflows of 95 million ounces, already exceeding 2024 totals. By June-end, global holdings hit 1.13 billion ounces—just 7% below the 2021 peak—with the value crossing $40 billion for the first time. June alone accounted for nearly half the year’s gains, marking the strongest monthly rise since the 2021 Reddit-fuelled silver squeeze.

Institutional interest remained strong, with net long positions on the CME up 163% from end-2024, reaching the highest average level since early 2021.

Retail demand was mixed. European investment continued its recovery, while India posted a 7% year-on-year rise in demand, supported by strong price expectations. In the US, retail demand fell sharply—down an estimated 30%—as high prices prompted profit-taking and the absence of a major financial crisis dampened safe-haven buying.

Looking ahead, market activity in bars and coins is expected to remain volatile. If silver crosses $40, it may trigger both profit-taking and renewed investor interest.