The demand for gold and silver has risen tremendously this year as investors continue to seek refuge in metals. This process has gained significant traction lately due to the falling value of the US dollar and the fact that the American currency continues to trade and explore new lows. Both metals have lately been recording a surge in demand, witnessing massive highs, as investors continue to seek gold and silver as their ultimate safe haven assets.
Also Read: Analyst Predicts $3,900 Gold This Cycle: Are You Ready?
Gold and Silver ETF Demand Soars
As per the latest report by the Kobeissi Letter on X, the demand for gold and silver is nearing a new all-time high this season. As the world’s economic barriers continue to loosen, gold and silver ETFs are witnessing a surge in demand and popularity. Gold ETFs alone have recorded holdings worth 2905 tonnes in August 2025. Moreover, this gold stockpile has risen to 300 tonnes in year-to-date metrics.
In addition to this, silver ETF holdings have hit 25004 tonnes, rising for 7 months straight. It is to be noted that lease rates for silver are still elevated at 2%, which is considered far above the normal zero level.
“Investors are piling into gold and silver like never before. Total holdings in gold ETFs hit a record 2,905 tonnes in August. The stockpile has risen by ~310 tonnes year-to-date. At the same time, total holdings in silver ETFs reached a record 25,044 tonnes. Silver ETF holdings have risen for 7 straight months, up ~3,000 tonnes over that period. Additionally, lease rates, the cost of borrowing silver, remain elevated at ~2%, far above the normal near-zero level. Demand for gold and silver is still surging.”
Investors are piling into gold and silver like never before:
— The Kobeissi Letter (@KobeissiLetter) September 3, 2025
Total holdings in gold ETFs hit a record 2,905 tonnes in August.
The stockpile has risen by ~310 tonnes year-to-date.
At the same time, total holdings in silver ETFs reached a record 25,044 tonnes.
Silver ETF… https://t.co/Ku6YVoReBI pic.twitter.com/ie2CbncIq8
Future Price Aspects Of Both the Assets?
As per Rashad Hajiyev, a notable metal expert, gold is on track to hit $3900, primarily by November 2025.
“The present bull run in gold that started in October of 2023 had 4 major consolidations, with each lasting on average 3 to 4 months. The present 4th consolidation lasted a little over 4 months, which is quite similar to the 2nd one. Each breakout from a horizontal resistance resulted initially in a limited rally, then a 3-4 week short-term consolidation (elliptic shape), followed by a stronger rally. If the same pattern plays out, then I expect 1. Gold to reach approximately $3,600 within 2 weeks. 2. Consolidate for 3 – 4 weeks within an elliptic shape. 3. Final run, in the present cycle, to my $3,900 – 4,000 price target within 3 – 4 weeks. All in all, gold should be able to reach the price target within 8 to 10 weeks, which targets late October to early November 2025. This post is not investment advice…”
Present bull run in gold that started in October of 2023 had 4 major consolidations with each lasting on average 3 to 4 months. The present 4th consolidation lasted a little over 4 month, which is quite similar to the 2nd one.
Each breakout from a horizontal resistance resulted… pic.twitter.com/BTpkN3GRfB— Rashad Hajiyev (@hajiyev_rashad) August 30, 2025
For silver, Hajiyev predicted that the metal may hit a $42 price level in the near future.
I think $40 level is largely a support level for spot silver. While gold consolidates, silver could inch slowly higher towards $42 price level… pic.twitter.com/8TrO9LLXxT
— Rashad Hajiyev (@hajiyev_rashad) September 4, 2025
Also Read: Gold Price Update: Gold Now 24% of Reserves, Dollar Falls to 1990s Low