As of July 6, the price of silver (Silver, 3.75g) based on the Korea Gold Exchange is as follows.

• Buying price: 12,820 KRW (up 0.94% from the previous day, +120 KRW)
• Selling price: 10,770 KRW (up 0.37% from the previous day, +40 KRW)

As of now, the international silver price based on the New York Mercantile Exchange (COMEX) SI (silver) stands at $63.28 per ounce.

International Silver Market Seeking Direction

Amid the ceasefire tone between the United States and Iran, the international silver market is seeking direction as demand for safe-haven assets interplays with industrial consumption outlook. With tensions in the Middle East easing compared to before, risk aversion sentiment has somewhat softened, but silver, which plays a significant role as an industrial raw material, continues to be influenced by a variety of variables.

The Dual Nature of Silver: Safe-Haven Asset + Industrial Material

Silver is recognized as a traditional precious metal and a representative safe-haven asset, but it is also a material widely used across advanced industries, including solar power infrastructure, electric vehicles, semiconductors, and electronic devices. For this reason, there is a view that while safe-haven buying may weaken when geopolitical risks diminish, the price decline could be limited if demand from the manufacturing and high-tech industries is sustained.

Key Variables to Determine Future Silver Prices

There are also forecasts that global economic trends, changes in the value of the dollar, and the direction of U.S. monetary policy will act as key variables in determining the future course of international silver prices.

[※ This article is not intended to solicit investment. All final investment decisions and responsibilities lie with the investor.]