Silver prices in the fourth quarter of 2025 are expected to remain strong, continuing a trend of growth seen throughout the year. After a significant surge earlier in 2025, with silver breaking above $36 per ounce and reaching levels not seen in over a decade, many analysts anticipate that this momentum will carry into Q4.
Several financial institutions forecast that silver could reach between $36 and $38 per ounce by the end of 2025. Some projections even suggest prices might peak around $36 during Q4 specifically. This is supported by ongoing factors such as geopolitical tensions, supply disruptions—especially from major producers like Russia—and persistent demand for silver as both an investment safe haven and an industrial metal.
The industrial demand for silver is particularly important because it plays a key role in clean energy technologies, which continue to grow globally. This structural shift supports higher prices over time beyond just speculative or safe-haven buying.
Market experts also highlight that despite recent gains—silver has surged nearly 60% over the past two years—the metal still offers attractive upside potential. Some bullish voices predict that silver could double its value from current levels within the year, potentially reaching around $70 per ounce at some point.
In local markets like India’s MCX futures, silver has already hit record highs above Rs 1,05,000 per kilogram and may climb further toward Rs 1,23,000/kg by year-end. This reflects both global price trends and regional demand dynamics.
Overall, investors looking at Q4 2025 should expect continued strength in silver prices driven by tight supply conditions combined with robust industrial use and geopolitical uncertainties keeping safe-haven interest high. While short-term fluctuations are always possible due to market volatility or macroeconomic shifts, the general outlook points toward sustained elevated price levels through the final months of 2025.