Silver prices climb on investor demand and supply constraints

Silver has re-emerged as a favored safe‑haven asset, with investors shifting interest from gold to the cheaper metal. As of 22 June, the spot price stood at about $65.58 per ounce and 97.97 TL per gram, while analysts project the ounce could reach $100‑$150 in the coming years. The rally is driven by heightened global economic uncertainty, inflation worries and expectations of tighter central‑bank policies.

Physical market tightness is adding upward pressure. In Shanghai, a surge in physical demand has created a supply shortage, producing high premiums that signal a broader imbalance between global supply and industrial demand. Silver’s role in high‑tech applications—such as artificial‑intelligence hardware, 5G infrastructure, electric‑vehicle batteries and advanced electronics—continues to bolster long‑term demand.

Market participants remain divided. Bullish forecasts see the price climbing to $120 per ounce, while others warn that a sharp correction could push prices below $60 if monetary tightening intensifies. The interplay of investor sentiment, supply constraints and strategic industrial use will shape silver’s trajectory in the near term.