Silver looks set to resume its climb in the second half of the year, according to research published this week.
The bullish case, laid out by one recently-published analysis, is straightforward: after a stretch of consolidation following big prior gains, the setup is turning constructive again. Researchers point to real yields (the return on bonds after inflation) likely peaking, and a firmer dollar that is expected to fade rather than extend.
The other pillar is silver's tight relationship with gold. The published view highlights that central bank gold buying remains steady and fresh ETF inflows are building — a backdrop that tends to pull silver along for the ride.
Worth noting: direct silver calls are thin right now, so this is one camp of analysts making the case rather than a broad consensus. Still, the ingredients cited — softer dollar, capped real yields, strong gold demand — are the classic conditions under which silver tends to outperform.