Recent Moves in Silver & Gold (17 July 2025)

Gold Market Performance

Gold prices experienced a setback during the Thursday session. Early trading saw gold start near $3,354 per ounce, maintaining stability after a steady week. However, as the day progressed, the metal slipped to lows around $3,317 per ounce. The pullback was caused by a stronger US dollar and economic data out of the United States, which tempered demand for traditional safe-haven assets.

Despite this daily decline, gold’s longer-term momentum remains positive. Over the past twelve months, gold has advanced more than 26%, driven by constant central bank buying and ongoing global uncertainties. Analysts note that, while gold is consolidating below the all-time highs set earlier this spring, significant institutional demand continues to support the market. Pullbacks like the one seen on July 17 are being seen by many as healthy corrections rather than the start of a downward trend.

Silver’s Performance

In contrast to gold, silver prices maintained their upward movement. The metal traded near $38.15 per ounce by the close of business, seeing at least a half-percent daily gain and holding close to multi-year highs reached earlier in July. Silver’s continued strength is being fueled by both investment flows and industrial purchases, as manufacturers in technology and green energy sectors remain active buyers against a backdrop of sustained supply tightness.

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On a year-over-year basis, silver stands out with a gain approaching 30%. Analysts point to industrial demand—especially for solar technology—and persistent deficits as the principal drivers of this momentum. In the short term, any dips in price have found willing buyers, pushing the metal’s bullish profile.