According to the Korea Gold Exchange on July 10, the trading price of silver (Silver, 3.75g) was recorded as follows:

• Buy price (when buying): 12,050 won — up 80 won (0.66%) from the previous day
• Sell price (when selling): 10,180 won — up 120 won (1.18%) from the previous day

Geopolitical Risks Persist… Continued Interest in the Silver Market

Interest in the silver market continues, given that geopolitical tensions have not been fully resolved. While silver is classified as a traditional precious metal alongside gold, it holds a unique position in that its industrial demand accounts for a larger share compared to gold.

Gold and Silver: From Historical Roles to Modern Industry

In ancient civilizations, silver was used as currency, a medium of trade, adornment, and a symbol of power, functioning as a store of wealth alongside gold for a long time. Historically, silver coins were used as a settlement method in East-West trade and were regarded as a metal connecting the flow of international commerce.

In modern financial markets, silver possesses the characteristics of an industrial metal beyond being a simple precious metal. Due to its excellent electrical and thermal conductivity, it is utilized in various cutting-edge industries such as solar panels, electronic components, semiconductor-related materials, and electric vehicle parts.

Key Variables to Determine the Direction of Silver Prices

Market participants expect silver prices to seek direction in the near term based on U.S. monetary policy outlook, dollar trends, international oil prices, geopolitical risks, and industrial demand projections for sectors such as semiconductors and solar energy.

While gold is the quintessential traditional safe-haven asset, silver simultaneously possesses the dual characteristics of a safe-haven asset and a cutting-edge industrial material, drawing attention as an asset that reflects both financial market uncertainty and technology stock trends.

Analysts suggest that from an investor's perspective, rather than viewing silver prices solely as precious metal market rates, it is necessary to also examine global economic trends, manufacturing demand, the strength of the dollar, and changes in international affairs.

U.S. Stock Market Ahead of the Weekend Also in Focus

Meanwhile, the U.S. stock market closed higher overnight. Attention is also focused on what kind of trend will emerge in the trading session on the 10th (local time), ahead of the weekend.

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