Gold 
Silver Price Outlook
“CPM Group had projected in the January 2025 edition of this report that silver would break out in 2025 and outperform gold. Both of those forecasts materialized. Silver put in the strongest performance during 2025 of all the precious metals covered in the report. Silver prices rose 144% over the course of the year and reached several record highs too. On an annual average basis silver was $40.34 in 2025, up 42.0% from $28.41 in 2024.
The fundamentals to push silver prices higher have been in place for several years. However, 2025 marked the inflection point, as investors significantly increased net purchases, providing the catalyst needed for a sustained breakout. At the start of last year CPM’s view about silver prices rising strongly during the year was predicated on our statistics and analysis that suggested that (a) silver price increases had been restrained from 2022 through 2024 by gross investor selling by investors who had bought at high prices in 2021 as well as in 2008 – 2012, and that (b) those gross investor sales would trail off during the middle part of 2025. Our data told us that gross investment demand was strong, but was being offset by gross sales by disaffected investors selling. That is what happened in 2025.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
