“Silver prices have been closely following gold’s path. Silver prices softened over the course of March and at the end of the month were essentially back to levels seen at the end of 2025. Again, like gold, silver prices above $70 are historically elevated. Prices broke above that level only in December 2025. Before that silver was trading at record levels around $50 during October and November. While prices have backed off from the highs seen earlier this year, they still are in the uptrend that prices have been in for prices since August 2025 and remain far higher than both previous silver price levels and the costs of production.
Silver prices should be expected to move in a sideways volatile fashion in coming months. There are numerous factors mentioned in the gold section of this report that increase the safe haven appeal of silver at present. But high silver prices and economic weakness could hurt industrial demand for the metal while increasing scrap supply and some investor selling.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
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