Silver Price Outlook
“Silver prices rose during May, making silver the exception among the precious metals covered in this report. The average price of silver reached $78.42 during May, up 3.3% over the April average. While prices have retreated from the record highs reached earlier this year, silver continues to trade at historically unprecedented levels. The average closing price between February and May was $78.49, a level that was first achieved only during the final week of December 2025.
The medium-term outlook remains constructive, although a period of consolidation appears likely between June and possibly the end of August. Silver prices are expected to trade with a modest downward bias over the coming months as investors digest the substantial gains achieved over the past year. Any weakness, however, is expected to be relatively shallow and temporary, with investors likely viewing pullbacks as buying opportunities.”
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