As of June 29, silver prices (3.75g) based on the Korea Gold Exchange are showing a downward trend.

The buying price was recorded at 12,060 won, down 1.24% (150 won) from the previous day, while the selling price was tallied at 10,080 won, down 1.29% (130 won).

Silver is a representative precious metal while also possessing the characteristics of an industrial metal, which often results in movements that differ from those of gold.

When geopolitical risks escalate, buying interest may flow in due to safe-haven demand. However, concerns over declining industrial demand are also reflected if the U.S. economy slows or the manufacturing sector weakens.

For this reason, silver prices have recently been repeating fluctuations depending on the Middle East situation and U.S. economic indicators.

■ Advanced Industry Demand: Medium- to Long-Term Support Factor for Silver Prices

On the industrial demand side, the growth trend of advanced industries such as solar energy, electric vehicles, and semiconductors is evaluated as a factor supporting silver prices in the medium to long term.

As silver is an essential metal used in the production of solar panels and electronic components, an expansion in global manufacturing investment is expected to lead to an increase in physical demand.

Accordingly, there are many views that even if silver prices are influenced by geopolitical issues and U.S. economic indicators in the short term, medium- to long-term supply and demand conditions will remain relatively robust.

■ "U.S.-Iran Ceasefire, International Oil Prices, and Fed Rate Policy Are Key Variables"

Experts believe that the silver market is highly likely to continue experiencing high volatility in the near future, centered around whether the U.S.-Iran ceasefire will be implemented, international oil price trends, U.S. employment and inflation indicators, and the Federal Reserve's interest rate policy.

The analysis suggests that investors need to examine the impact of geopolitical news and economic indicator release schedules on silver prices and respond accordingly to market changes.

Some analysts also note that if economic slowdown signals become clearer, expectations for interest rate cuts could expand, potentially creating a favorable environment for silver prices.

[※ This article is not intended to solicit investment. The final judgment and responsibility for all investments lie with the investor.]