The silver market in Q2 2025 shows a positive outlook, driven by strong industrial demand. In particular, the solar energy sector is becoming a key driver for silver demand, as solar panels are increasingly used worldwide.
Silver prices are currently trading around $30 per ounce, up about 15% compared to the same period last year. Analysts forecast that silver prices may continue to rise in the second half of 2025.
In Vietnam, demand for silver in industry and jewelry is also increasing, adding upward pressure on the domestic market.