Silver Price Analysis
Silver prices surged to a record high of $93 earlier this week and were trading around $90 an ounce Friday morning.The rally has come amid strong industrial demand and rising investor interest, as uncertainty around trade policy, inflation and the interest-rate outlook has lifted interest in precious metals. Since January 2025, the spot price of silver has climbed from about $30 an ounce to roughly $93 at its recent peak, for a gain of about 210% as of Thursday afternoon. Unlike gold, which is held largely as a store of value or for jewelry, silver is more closely tied to industrial activity. I'm expecting a slight pullback as prices may consolidate in a range as tariff risks are reassessed and positioning normalizes. However, structural deficits, tight physical availability, and ongoing policy uncertainty suggest downside might be limited, with silver likely to remain well supported on dips.
Portfolio Update
I did unload 450 share of SLV at $83 where my stop was place. I made a very nice profit on that trade and have about 150 shares left that I'll continue to hold.
I took about $2k of that profit and rolled it into 10 1/22 $691 SPY puts which were acquired at 2.71/contract. I'm looking for a break below $690 early next week for at least $1K profit.
I'm still trying to figure out what I want to do with this weekly post but I'm not leaving the metals space so you'll always get a version of this post!
