Silver Holds Firm Near $34.50 as Supply Deficit and Industrial Demand Collide

Silver Holds Firm Near $34.50 as Supply Deficit and Industrial Demand Collide

Official market data from TradingView and industry sources show silver trading at $34.45 per ounce on June 4, 2025, after a volatile 24 hours. The price peaked at $34.65 before consolidating just below $34.50, reflecting a market in the grip of both strong industrial demand and ongoing supply constraints. The rally began late yesterday when […]

Silver surges past $35/oz level to hit a more than 13-year high

Silver has soared to the key milestone of $35 per ounce, reaching its highest level in more than 13 years, propelled by robust industrial demand and ongoing supply deficits, analysts said. Spot silver rose 2.5 per cent to $35.82 per ounce as of 1347 GMT, having touched its highest level since February 2012 at $36.08. “We have been expecting silver to close its performance gap with gold for some time. The metal has firm fundamentals, including be…

XAG/USD holds steady near $34.50 as bulls take a breather

Silver trades flat but holds gains after strongest rally since October 2024, keeping bullish structure intact. Break above $35.00 may open path toward $37.49, last reached in February 2012. Close below $34.58 could trigger pullback to $34.00, with deeper support at $33.69. Silver price consolidated during Wednesday’s session, trading almost flat near $34.50, as traders seem reluctant to push the metal’s prices outside of the $34.00-$34.50 range.…

Silver Price Forecast: XAG/USD holds steady near $34.50 as bulls take a breather

Silver price consolidated during Wednesday’s session, trading almost flat near $34.50, as traders seem reluctant to push the metal’s prices outside of the $34.00-$34.50 range.