According to the Korea Gold Exchange on June 9, the price of silver (Silver, 3.75g) showed an upward trend. The buying price was recorded at 14,080 won, up 60 won (0.43%) from the previous day, while the selling price rose by 50 won (0.43%) to 11,550 won.

Following a recent steep surge, profit-taking sell-offs have emerged, leading to a 'catching its breath' phase in silver prices. Meanwhile, investors' attention is turning to the recovery movements in the US stock market. On the 8th (local time), the New York Stock Exchange rebounded, led by semiconductor and AI-related stocks. The Nasdaq Composite closed up 0.86%, the S&P 500 rose 0.30%, and the Dow Jones Industrial Average ended roughly flat. In particular, the Philadelphia Semiconductor Index (SOX) surged over 5%, recovering a significant portion of the previous trading day's losses.

From the perspective of domestic investors, it is necessary to monitor not only silver prices but also the direction of US tech and semiconductor stocks. Silver possesses the dual characteristics of a safe-haven asset and an industrial material; therefore, when the US stock market is strong, expectations for industrial demand grow, and when market anxiety expands, buying flows into it as a safe-haven asset.

As the risk appetite partially recovered, the recently strong silver market has entered a consolidation phase. Silver futures prices have recently been moving in the mid-to-high $70 per ounce range, continuing a strong upward trend this year. Some institutions have projected the average silver price for 2026 to be around $79 per ounce.