An Important Week for the Silver Price

Why You Should Buy Silver This Month

When the silver price began to break higher earlier this month, it became apparent that where price finished June would be important. Well, here we are with one week to go, and we should all buckle in for some critical and volatile days ahead.
Some of this week's post will be an update of what we wrote two weeks ago when we first discussed the importance of the monthly and quarterly charts. 

Gold And Silver Long-Term Chart Analysis

Why are the long-term charts so important? Because they define the underlying price trend. Traders can profit from closely monitoring the short-term hourly and daily charts, but investors will seek gains from participating in the long-term trend that is revealed in the monthly and quarterly charts.
For example, when did the gold price break out and begin a long-term rally that has already exceeded 50% to the upside and, at present, shows no sign of stopping? When price broke out in November of 2023, it posted new monthly highs, but the new quarterly high set in March of 2024 really kickstarted the upward momentum. See the monthly and quarterly charts below:

Gold Price - Monthly

Gold Price - Quarterly

Buy Gold And Silver As Silver Nears Key Breakout

So where do we find the silver price with a few days to go in the month of June and Q2 2025? In a very similar spot to where the gold price resided in late 2023. As such, where and how the silver price closes this month has become very important.
To that end, let's review the long-term charts of silver. Let's start with the monthly chart. While the silver price is still a long way from its all-time high, any close this month above $34.60 will mark the highest monthly close since August of 2011. Holy smokes! That's a long time, and it's also a little painful to note. However, a monthly breakout that's nearly fourteen years in the making will generate a lot of buzz among the institutional, hedge fund, and family office investors whose participation is needed if price is going to continue higher.

Silver Price Chart

Silver Price Forecasts For 2025 And Beyond

And here's something unusual. The crazy volatility of silver paints a unique quarterly chart. While prices have printed all-time highs near $50 on the daily, weekly, and monthly charts, the highest ever quarterly close for spot silver was $37.64 on March 31, 2011. As such, a new all-time high quarterly close is definitely within reach.

Silver Price Chart

But here's the thing. If you can see this, and I can see this, then you know that the forces scheming to control and manage price can see this too. The total NET short position of the "Commercials" in COMEX silver is now approaching 450,000,000 ounces, so every $1 higher results in some rather significant paper losses. Another $10 higher and—well, you can do the math. The important point here is that The Big Shorts DO NOT want to see price break higher and gather momentum for a run to $50. Therefore, expect them to be active in the days ahead.

What Moves Silver Prices? Fed, Data, and Geopolitics

But events and headlines will drive price too. Before month end, we get:

• Appearances this week from Fed Chair Powell as well as multiple speeches from his underlings.
• The latest Durable Goods and PCE inflation data.
• COMEX option expiration.
• The front month Jul25 COMEX silver contract moving "off the board" and into "delivery".
• Monthly and quarterly LBMA option pricing.

And no one can say for certain how geopolitical events in the Middle East may impact price too.
So be ready for a volatile but important period for silver prices. While anything is possible, there's no harm in rooting on price and hoping for those breakout monthly and quarterly closes. If silver can achieve them, you'll have a positive signal of where price is headed in the back half of 2025 and into 2026.

Invest in Gold and Silver with Sprott Money

Now is the time to secure your investment in precious metals. Buy gold, buy silver, and store it with Sprott Money!