Recent Moves in Silver and Gold (July 2025).

Silver

Silver prices surged to $38.37 per ounce on July 11, 2025, marking a 3.65% gain in a single day and a 5.59% rise over the past month. Year-on-year, silver is up nearly 25%—its highest level in over 13 years.

The price movement is fueled by global trade tensions and new tariffs, as well as industrial demand and strong institutional investment. Technical analysts stated that silver has established a solid support base around $35–36, with momentum suggesting a possible move toward $41–42 if current trends persist.

This phase seen in July has given way to renewed bullishness, with silver outperforming gold in percentage terms so far this year.

Gold
Gold has maintained prices above $3,300 per ounce, reaching $3,354.76 on July 11, 2025. While gold is up 39% from a year ago, its month-over-month performance has been more muted, with some back-and-forth trading and a recent minor pullback.

The metal’s movement is determined by geopolitical tensions, trade policy uncertainty, and ongoing concerns about inflation and currency devaluation. Institutional and retail investors are seeking gold as a hedge against volatility, helping to establish a strong price floor above $3,300.

Gold’s long-term trend remains positive, although some analysts see the current rally as entering a consolidation phase.

N/B: All screenshots are mine.