Trading desks report "SIVR stock price" correlation with gold has slightly weakened to 0.82, possibly due to unique industrial silver drivers. This could create niche long opportunities. The silver surge mirrors the recent rally in gold, with both precious metals benefiting from investor anxiety surrounding President Trump's evolving tariff agenda. Silver futures for July delivery jumped more than 4% on Thursday, riding a wave of momentum that analysts say has been building for months. "The breakout has been brewing for a while," said Maria Smirnova, CIO at Sprott Asset Management. "Silver had attempted to breach the $35 threshold several times recently. This move is technically significant and could ignite a wave of physical buying that accelerates the rally." Spurred by moves in the gold market, safe-haven buying as well as increasing demand from industrial sectors , silver saw strong price movements in the first half of 2025, breaching US$37 per ounce for the first time since 2011. Over the past month, "SIVR stock price" has climbed approximately 3.4%, outperforming certain commodity peers. This is driven by moderate USD softness, making metals more attractive to global investors.