#silver-prices

#silver-prices

Silver prices declined for a third consecutive session on Tuesday, as investor focus shifted to recent statements from Federal Reserve officials and signs of easing US-China trade tensions. Fed officials, including Mary Daly and Lisa Cook, emphasized a data-dependent stance ahead of the December meeting. While both expressed support for the latest 25 bps cut, they cautioned that further moves would depend on incoming economic indicators.

Despite the recent pullback, silver's decline appears corrective within a broader bullish structure. The move aligns with a brief uptick in Treasury yields still contained within a wider downtrend, suggesting a cyclical rather than structural phase. Robust industrial demand, persistent safe-haven flows, favourable monetary conditions, and consumers shifting from expensive gold jewellery toward silver all reinforce a constructive long-term outlook.

Over the past few months, silver prices have witnessed a strong rally - not only as a safe-haven asset alongside gold, but also due to fundamental factors rooted in industrial supply and demand dynamics. As of early October 2025, silver is trading around $48.65 per ounce in spot market data, while ETFs such as iShares SLV show a slightly lower net asset value (NAV), reflecting timing and liquidity discrepancies between the spot and ETF markets.

Recent dovish remarks from Fed Governor Waller reinforced expectations of future rate cuts, potentially boosting silver prices as market participants anticipate monetary easing.

The silver market is facing its fourth consecutive annual deficit since 2025, with a projected shortfall of 3,339 tonnes driving prices to decade-high levels.