Silver & Gold Price Movements in September 2025 with Forecasts up to 2029

Silver surged in September 2025, rising above $41.5/oz (a 42% YTD gain), while Egyptian silver moved from EGP 52 to EGP 65.25 per gram. The rally was fueled by expectations of a 96% chance of a U.S. Fed rate cut, dollar weakness, and strong industrial demand representing 70% of total usage. Renewable energy adoption and a fifth consecutive supply deficit added momentum. Looking ahead, silver is forecasted to average $43/oz in 2025, with potential highs at $50/oz, climbing to $60–75/oz in 2027, before stabilizing around $41/oz in 2029.