Silver Prices Hit $39/oz: How High Can It Go? | The Gold Spot

Silver has recently surged to its highest level in over a decade, driven by rising market uncertainty, global tensions, and increasing investor interest. This breakout follows a strong technical pattern that often signals continued upward momentum.

Behind silver’s rise is a growing imbalance between supply and demand. Inventories at major exchanges are steadily being depleted, while more investors are choosing to take physical delivery of their contracts, an unusual move that’s adding pressure to already tight supplies.

This supply strain isn’t new. Silver demand has outpaced production for several years, and experts say the gap could take years to close. The resulting supply deficit further boosts the shiny metal’s price movement.

With the market under long-term pressure, many analysts believe higher silver prices could be here to stay. As silver continues to break past key price levels, some are eyeing record highs and beyond.

Watch this week’s The Gold Spot to hear Precious Metals Advisors Joe Elkjer and Tim Murphy explain the drivers behind silver’s rally, why persistent supply and demand tensions may cause a silver squeeze, what past price movements suggest about future trends, and how investors can take advantage of the precious metal’s momentum.

👉 Grab your FREE COPY of our Silver Investor Report Here: https://www.sbcgold.com/blog/why-silvers-breakout-has-analysts-eyeing-new-all-time-highs/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_07162025

⭐ RELATED ARTICLES AND VIDEOS:

🔗 Silver Price Forecasts & Predictions for 2025: https://www.sbcgold.com/silver-price-forecasts/silver-price-forecast-2025/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_07162025

🔗 Silver’s Breakout Is Gaining Steam: Is a Historic Rally Ahead?: https://rumble.com/v6uqrb1-silvers-breakout-is-gaining-steambig-rally-ahead-the-gold-spot.html

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⭐ SBC Gold Precious Metals Advisors in this The Gold Spot video:

👤 Tim Murphy: https://www.sbcgold.com/about/tim-murphy/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_07162025

👤 Joe Elkjer: https://www.sbcgold.com/about/joe-elkjer/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_07162025