Follow Gold, Silver Soars!
Global silver prices rose again on Tuesday (October 8, 2025), driven by rising industrial demand, expectations of global monetary easing, and a surge in interest in safe-haven assets amidst ongoing US economic uncertainty.
Fundamentally, silver enjoys strong support from two perspectives—its investment value as a precious metal and its growing industrial demand. According to a Kitco Metals report, the global silver supply deficit in 2025 remains in 2025 due to increased consumption in electric vehicles, solar panels, and semiconductor technology. This situation has kept the physical silver market tight, despite sharp price increases throughout the year.
Furthermore, growing speculation that the Federal Reserve will cut interest rates at its FOMC meeting in late October has weakened the US dollar and supported the rise in precious metal prices. Expectations of an interest rate cut have also been further strengthened by the political deadlock in Washington related to the government shutdown, which has raised concerns about the US fiscal situation. Global investors are now seeking refuge in tangible assets such as gold and silver.
Technically, the price of silver (XAG/USD) is currently trading around USD 48.50 per troy ounce, after a correction of around 1.3% in the previous session. Chart-wise, the medium-term trend remains bullish, with potential for further upside if the price breaks through the psychological resistance level of USD 50 per troy ounce. Meanwhile, the USD 46-47 area provides important support that must be maintained to maintain upward momentum.
Several analysts warn that silver is beginning to show signs of overboughtness after a prolonged rally since mid-year. This opens the door to a short-term correction, especially if the US dollar strengthens again or investors take profits.
Nevertheless, overall sentiment toward precious metals remains positive. The combination of solid industrial demand, a weakening dollar, and geopolitical risks are expected to keep silver prices high until the end of the year. Investors are now awaiting the outcome of the Fed's meeting in late October as a determining factor in the next direction.
Source: Newsmaker.id
