According to the Korea Gold Exchange on June 16, the silver price (based on 3.75g) was recorded at 14,210 won for buying and 11,890 won for selling. Compared to the previous trading day, the buying price fell by 1.34% (190 won) and the selling price by 1.01% (120 won).

Geopolitical Tensions Ease... Expectations for Strait of Hormuz Opening

As geopolitical tensions surrounding the Middle East region have recently eased, risk assets are showing strength. U.S. President Donald Trump stated during the G7 summit schedule and a bilateral meeting with French President Emmanuel Macron that both sides signed a memorandum of understanding (MOU) for a ceasefire with Iran, and that the Strait of Hormuz will be opened on the 19th. Amid these developments, attention is also focused on the future trajectory of safe-haven assets, including silver.

AI and Power Infrastructure Demand as Factors Increasing Silver Consumption

Meanwhile, it is noteworthy that silver is utilized as a key raw material in various industrial sectors such as solar panels, electric vehicles, semiconductors, and power infrastructure. In particular, the expansion of the artificial intelligence (AI) industry, increased data center investment, and power grid expansion needs are evaluated as factors that will increase silver consumption in the mid- to long-term.

[※ This article is for reference only in making investment decisions, and the final responsibility for investments lies with the investor.]