Short-term traders note the "SILJ stock price forecast" hinges on maintaining $10.60 as a psychological support level. A confirmed breakout above $11.85 would likely attract additional momentum players into the market. Silver is a safe-haven asset and also acts as an industrial metal. Most industrial metal prices are rising due to concerns over supply disruptions. Silver bullion ETF iShares Silver Trust SLV has gained more than 18% so far in the second quarter. Silver is benefiting from its dual role as both an investment asset and an industrial metal. The white metal is used in a wide range of industrial applications. About half of the metal's total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers. The "SILJ stock price forecast" benefits from rising spot silver prices driven by industrial demand. With the mining sector's forward P/E ratios improving, investors are shifting capital toward ETFs like SILJ.