When currencies lose trust, metal regains power.
Silver Surges Past $36 as 2025 Cracks Begin to Show
Silver just passed $36 for the first time since February 2012. It is up more than 24% year to date. Behind the move are several macroeconomic forces:
- Rising industrial demand for silver in energy, automation, and tech
- Continued dilution of fiat currency, especially the US dollar
- Investors hedging against inflation, supply chain shocks, and political uncertainty
- A weak bond market and increasing concerns about US fiscal credibility
The move is happening while the gold to silver ratio is sitting near 95 to 1. This is historically high. A normal ratio ranges between 50 and 70. A high ratio suggests that silver is still undervalued relative to gold and may have room to catch up.
Why the Gold-Silver Ratio Matters in 2025
As of June 5th, 2025, the gold-silver ratio sits at 94.6. This means it takes 94.6 ounces of silver to equal the value of one ounce of gold. When this number is high, silver is relatively cheap. Historically, this ratio compresses sharply during times of financial reset or economic transition.
In 2011, when silver peaked near $49, the ratio dropped to around 30. If similar dynamics return, silver would need to more than double just to return to historic balance. Combine this with:
- A weakening US dollar
- Mounting pressure on the US bond market
- Geopolitical tension and renewed tariff threats from the US
The case for real assets strengthens. Silver is not just a commodity. It is monetary metal. It reacts when trust in the system fades. Right now, that trust is eroding.
2025 Price Forecasts: What Analysts See Ahead
Here’s what top analysts and banks expect for silver going forward:
| Analyst / Firm | Target Price | Time Frame |
|---|---|---|
| Citigroup | $40 | 2025 |
| JP Morgan | $38 | 2025 |
| Saxo Bank | $40 | 2025 |
| World Bank | 7% rise | 2025 |
| Alan Hibbard | $40–$52.50 | 2025–2026 |
| InvestingHaven | $48.20–$80 | 2025–2030 |
Whether silver reaches $40 or $80, the trend is clear: institutions are forecasting higher prices, not lower. If silver reclaims monetary status globally, $36 could soon look cheap.
The rails are being rebuilt. If you’re betting on the next layer, look at where the dollars flow.