Precious Metals Market Hits New High: Gate Analyzes Silver Price Breaking Through $41 Barrier

On September 3, 2025, the precious metals market achieved an important breakthrough. According to data from the Gate trading platform, the price of silver rose to $40.98 per ounce during the European trading session, reaching a new high in nearly 14 years. This rise has attracted widespread attention in the market.

Technical analysis reveals strong rise momentum

Gate analysts pointed out that silver prices have risen for six consecutive trading days and are currently in an upward channel pattern. The daily chart shows that the Relative Strength Index ( RSI ) has exceeded 70, suggesting that a short-term adjustment may occur in the market.

Despite this, the silver price remains above the 9-day exponential moving average, indicating that the upward trend is still strong in the short term. Gate technical experts believe that in the future, the silver price is likely to challenge the psychological level of $41.00, and may even aim to reach the upper boundary of the ascending channel near $41.50.

Support and Resistance Level Analysis

Gate analysts further pointed out that the main support level for the current silver price is near the 9-day moving average at $39.77. If this level is breached, the next key support level will be around $39.20, which is the lower boundary of the rising channel.

On the upside, in addition to the two key resistance levels of $41.00 and $41.50 mentioned earlier, if it can effectively break through, the silver price is expected to further test the $42.00 mark.

Multiple Factors Affecting Silver Prices

The Gate research team emphasizes that silver prices are influenced by multiple factors. As an important precious metal investment variety, silver is often seen as a tool to hedge against inflation and economic uncertainty. At the same time, its widespread application in the industrial sector also makes its price significantly affected by supply and demand relationships.

In addition, macro factors such as the movement of the US dollar, interest rate changes, and the global economic situation may affect the price of silver. Gate experts suggest that investors closely follow these changes to better seize market opportunities.

Analysis of the Correlation between Silver and Gold Prices

Gate analysts point out that silver prices typically show a strong correlation with gold prices. As precious metals, both often rise simultaneously during times of increased risk aversion. However, due to silver's broader applications in industry, its price fluctuations may be more severe than those of gold.

The gold/silver ratio indicator provided by the Gate platform can help investors assess the relative valuation of the two precious metals. When the ratio is high, it may suggest that silver is undervalued; conversely, the opposite is also true.

It is worth noting that there are risks associated with investing in the precious metals market. Gate calls on investors to rationally view market fluctuations, manage risks well, and avoid blindly chasing highs. Past performance does not guarantee future returns, and investment decisions should be based on comprehensive analysis and prudent assessment.