According to analysts, most of Silver's recent gains are anticipated to continue into the new year. Experts predict that the price of silver will surpass gold in 2025.

Silver price (XAGUSD) increased marginally to almost $28.00 per one troy ounce. Non-yielding resources like silver gain traction as the probability of a 25 basis-point rate reduction from the Federal Reserve (Fed) at the September meeting rises due to weak employment data.

This week, silver prices surged significantly as investors capitalized on a sparse market caused by bank holidays in the United States and the United Kingdom.

The price of silver peaked at the highest level in more than two months. The ascent in question was driven by expectations of impending rate cuts by the Federal Reserve within the year.

In U.S. trading on Thursday, Silver and gold prices increased marginally, expanding on this week's gains fueled by more moderate U.S. inflation data.

The upcoming FOMC meeting holds specific and numerical implications for the silver market.

Gold CFDs provide investors with a flexible and accessible way to trade the price movements of gold without physically owning the metal. Other precious metals, like silver, palladium, and platinum, offer intriguing investment opportunities beyond the allure of gold.