Silver to rise toward $48–$50 as rally gains strength

June 13, 2025 (MLN): Silver could now aim for the $48 to $50 per ounce range, levels not seen in over a decade, according to Sunil Kashyap, Director at FinMet.

The significant rise in silver prices is somewhat related to inventory imbalances in major trading centers such as New York and London, as per Shanghai Metals Market.

Daniel Ghali, Senior Commodity Strategist at TD Securities, explained that this unresolved market distortion could trigger a series of mini squeezes and drive silver prices to new highs in the near future.

He noted that silver ETFs have recently attracted inflows, further depleting the remaining inventory in the world's largest silver vault system in London.

Previously, due to tariff threats from the U.S., a large amount of silver had flowed from London to New York.

Ghali outlined that the current market structure is defined by an extremely scarce silver supply in London, where the amount available for free purchase is now less than the volume typically traded in a single day.

Despite this, the London market has yet to reflect the scarcity in its pricing, and the broader market has not priced in the necessary incentives to return silver to physical trading locations.