Futures open interest trends align with a constructive silver price forecast 2025, signaling active speculative positioning toward higher price bands. ‘From a technical standpoint, both gold and silver are looking stretched—we’re clearly in overbought territory. That leaves the assets vulnerable to a near-term shakeout if the macro fundamentals shift. A strong NFP report or a more hawkish Fed pivot could take some air out of the trade, while any de-escalation on the geopolitical front would also sap safe-haven flows. In other words, positioning looks crowded, and the risk of near-term correction increases’, notes Kar Yong Ang. The primary reason that silver is sold at a significant discount to gold is supply and demand, with more silver being mined annually. While silver does have both investment and industrial demand, the global focus on gold as an investment vehicle, including countries stockpiling gold, can overshadow silver. Real rates trending lower globally underpin silver price forecast 2025 models, suggesting breakout scenarios above $35 if inflation persists.
