Analysis of Silver 8-12 Sep 2025
Weekly Silver Market Insights: Sep 8-12, 2025
By the Achiever Financials Ltd Analysis Team
At Achiever Financials Ltd, our dedicated analysis team provides in-depth insights into commodity markets to empower investors with actionable intelligence. This week’s silver report examines price movements, key drivers, technical patterns, and forward-looking projections amid evolving global economic conditions. Silver has demonstrated resilience and upward momentum, outpacing many assets year-to-date, and we anticipate continued interest from both industrial and investment sectors.
Price Overview and Weekly Performance
Silver exhibited solid gains this week, building on its impressive 2025 trajectory. Opening around $41.04 per troy ounce on September 6, the metal navigated intraday fluctuations before closing at approximately $42.00 on September 12—a net weekly increase of about 2.3%. This performance reflects a broader trend, with silver up over 45% year-to-date from its January level of around $28.92.
Key daily closes (spot prices in USD per ounce):
– September 6: $41.04
– September 8: $41.33
– September 9: $40.88
– September 10: $41.16
– September 11: $41.75
– September 12: $42.00
The week’s high reached $42.00, while the low dipped to around $40.50 early on. Compared to gold, silver’s gold-silver ratio compressed to 85-90, signaling potential for further relative outperformance if industrial demand sustains.
| Date | Close (USD/oz) | Daily Change (%) |
|———–|—————-|————————–|
| Sep 6 41.04 +0.5
| Sep 8 41.33 +0.7
| Sep 9 40.88 -1.1
| Sep 10 41.16 +0.7
| Sep 11 41.75 +1.4
| Sep 12 42.00 +0.6
Fundamental Drivers
Several macroeconomic and sector-specific factors underpinned silver’s advance:
1. Monetary Policy Expectations: Anticipation of a 25-basis-point Federal Reserve rate cut at the September 16-17 meeting bolstered precious metals. Softer U.S. inflation data (CPI up 0.3% in August) and rising jobless claims weakened the dollar (down 0.5% weekly), enhancing silver’s appeal as a non-yielding asset.
2. Industrial Demand Growth: Silver’s critical role in solar photovoltaics (PV), electric vehicles (EVs), and electronics continues to drive consumption. Solar demand now accounts for 17% of total use, up significantly from prior years, with China’s solar capacity expansion adding pressure. Geopolitical tensions, including U.S.-China trade frictions and Middle East conflicts, have spurred stockpiling.
3. Supply Dynamics: Persistent deficits are evident, with physical supplies in London vaults down 30-40%. ETF inflows, such as into iShares SLV, marked a ninth consecutive week of growth. COMEX deliveries for September already exceed 52 million ounces—over double last year’s figure—highlighting tight conditions.
4. Market Sentiment: Discussions on platforms like X highlight bullish momentum, with analysts noting silver’s breakout to 14-year highs and potential for a “price explosion”. Central bank purchases in emerging markets provide underlying support.
Technical Analysis
From a technical standpoint, silver’s charts remain constructive but warrant monitoring for overbought signals:
Weekly View: A bullish candle closed above the 1.272 Fibonacci extension, targeting $43.51 next. RSI at 58 indicates room for upside, with MACD confirming a bullish crossover. Support holds at $39-40, resistance at $42.30.
Daily Patterns: A pennant formation suggests a potential move to $45.40 on breakout. However, some analysts anticipate sideways action or minor pullbacks for “cleansing” before further gains. Bollinger Bands are expanding upward, and the fund flow oscillator stays green.
Longer-Term Outlook: Monthly charts point to resistance at $41.50, but a sustained close above could propel toward all-time highs near $50. Bearish divergences in RSI on higher timeframes signal caution for short-term corrections.
Forecasts and Risks
Bullish Scenario: With Fed cuts and sustained industrial demand, silver could target $44-45 short-term, aligning with year-end projections of $45.51 (LongForecast) or $45.89 (CoinPriceForecast). Analysts like those at Gov Capital see $39.84 conservatively, while longer-term views eye $50 by mid-2026.
Risks: A stronger dollar from hotter inflation data could trigger a 5-10% pullback to $38-40. Geopolitical de-escalation or recession fears might cap gains, as noted by UBS. Overbought conditions and high lease rates (above 5%) indicate potential volatility.
Achiever Financials Ltd Perspective
Our team views silver as undervalued relative to gold and historical norms, presenting opportunities for long-term portfolios. Dips should be seen as entry points, particularly for diversified exposure via physical holdings or ETFs. Traders may monitor the Fed meeting next week; a break above $42.30 could confirm bullish continuation.
This report is for informational purposes and does not constitute financial advice. Market conditions evolve rapidly—conduct your own research and consult professionals. Stay tuned for our next update.
