Global silver boom in 2025: Benefit from the upturn with Elementum

In the first half of 2025, global demand for silver exploded. In its press release dated July 9, 2025, the Silver Institute stated that geopolitical risks, rising inflation expectations, and optimistic price forecasts catapulted the silver price to its highest level in 13 years in June.

On Monday, July 14, the price of silver stood at 33 EUR or 39 USD per ounce – its highest level since 2011. This presents excellent opportunities for investors – especially if you secure your silver physically and store it in Elementum’s duty-free, high-security Swiss vaults.

Data from the Silver Institute impressively demonstrates that silver not only serves as a hedge against crises, but is also a strong driver of returns.

Silver outperforms many asset classes

• Price performance: Compared to the previous year, the average price of silver rose by 25% through June 2025, only slightly behind gold’s 26% gain. In bull markets, silver typically shows higher percentage gains than gold, making it even more attractive as a lever on the overall market. Silver thus offers a performance that fully meets the long-term expectations of many experts.
• Gold-silver ratio: The ratio remains at a level that historically signals undervaluation for silver. Investors who buy now will therefore acquire a precious metal with enormous catch-up potential. Only when the ratio falls significantly below the long-term average will it be advisable to exchange existing silver holdings for gold. This opportunistic switching strategy is one of Elementum’s core competencies. With this specialized ratio strategy, Elementum ensures that you manage your precious metal holdings intelligently and benefit equally from bullish silver phases and gold upturns.

Regional demand: Europe, India, and the US

• Europe: Slight uptick in private investor spending since the end of 2024, albeit still at low levels compared to the boom years of 2020-2022. This suggests that the silver bull market is still in its early stages and there is considerable room for further price increases, as investor levels still have significant room for growth.
• India: Private investor demand rose by 7% in the first half of 2025 – buying mood remains strong.
• US: Sales of new bars and coins declined by an estimated 30% as some investors realized profits.

Huge inflows into silver ETPs

• Record inflows of 95 million ounces in the first half of 2025: In the first half of 2025, silver-backed exchange-traded products (ETPs*) recorded net purchases of 95 million ounces – more than in the whole of 2024. This huge inflow underscores the growing confidence of institutional and private investors in silver as a hedge against inflation and a source of returns.
• Holdings barely below all-time high: As of June 30, 2025, global silver ETP holdings stood at 1.13 billion ounces, just 7% below the previous high of February 2021. The rapid recovery in holdings signals that investors are positioning themselves for continued price gains in the medium term and are gradually increasing their positions.
• Market value exceeds $40 billion for the first time: Thanks to firm prices, the total value of these holdings exceeded $40 billion for the first time in June. Particularly noteworthy: Almost half of the half-year inflows were in June alone, making this month the strongest buying wave since the Reddit-driven “silver squeeze” in early 2021.
• Impact on price and market liquidity: The massive ETP inflows are causing a short-term shortage of freely available supply and putting additional upward pressure on the spot price. At the same time, the high liquidity of ETPs increases market depth, allowing larger orders to be placed without excessive price deviations. This mechanism is fueling the current bull market and suggests that the upward trend may continue as long as bullish sentiment persists.
• Fundamental drivers and outlook: In addition to ETP demand, stable industrial demand – for example in photovoltaics and electric vehicle production – is supporting the fundamentals of the silver market. Together with geopolitical uncertainties and inflation expectations, this forms a triple price driver. Given the untapped investor base and the lag behind gold, the conditions for further price gains remain intact. This dynamic shows that professional and private investors are increasingly turning to silver.

*ETPs (Exchange-Traded Products) are exchange-traded financial products that track the price of an underlying asset, such as silver or gold, without investors physically owning the commodity. The most important types of ETPs are ETFs (exchange-traded funds), which are usually based on stock indices and rarely on commodities, and ETCs (exchange-traded commodities), which are specifically designed for commodities such as silver, gold, oil, etc.

ETPs (such as ETFs and ETCs) track the performance of silver prices via financial instruments without investors having to store the physical metal themselves. However, this involves various risks and restrictions:

• Securitization and counterparty risk: Investors only hold a certificate, not the precious metal itself. In extreme cases, an issuer may become insolvent or unable to deliver.
• Ongoing management and custody fees: The seemingly low cost structure often conceals hidden items – such as spread premiums, transaction costs for creation/redemption, exchange fees, and counterparty risks – which add up over time and significantly reduce the net return.
• No physical availability in times of crisis: In the event of increased redemption requests or regulatory intervention, deliveries may be delayed or restricted – which is precisely why it is essential to own 100% of precious metals physically in your own name, as Elementum ensures.
• Tax disadvantages: In many jurisdictions, gains from ETPs are subject to different tax rules than physically stored precious metals.

Why you should store your silver 100% physically with Elementum in Switzerland:

• True ownership: You own the bars directly in your name – completely independent of financial products, financial service providers, or issuers.
• Duty-free storage status: Your silver remains exempt from value-added and import taxes in Swiss duty-free warehouses for the entire holding period.
• Maximum security: High-security vault facilities, 24/7 insurance coverage, and regular audits ensure that your holdings are fully documented and protected.
• No hidden costs: Transparent storage fees with no additional administrative costs for certificates or fund structures.
• Full power of disposal: Delivery at any time, transfer to other free warehouses or physical removal – without bureaucratic hurdles. In addition, you can sell your precious metal holdings – even partial quantities or partial extracts from a single bar – directly to Elementum online at any time; the proceeds will be transferred immediately to your bank account, so that your physical precious metals remain permanently liquid.
• Independence from EU regulation: As Switzerland is not a member of the EU, your precious metal holdings are not subject to European Union regulations or political intervention and thus remain permanently protected.

This combination of tax efficiency, security, and flexibility makes storage in Switzerland unbeatable – the perfect setting for expanding your silver position. Benefit from duty-free storage, the highest security standards, and individual support from Elementum’s precious metal strategists, as well as flexible strategies – including the targeted conversion of silver to gold or vice versa when market ratios are favorable.

With Elementum, you not only benefit from the current silver rally, but also protect your investment against all risks associated with paper products.

Don’t miss this opportunity to increase your silver holdings and participate in the global silver boom.

Elementum – your experts for precious metal strategy and secure storage.

Increase your asset stability with silver – physical, secure, tax-free.