Overview
- Silver reached $75.1515 per troy ounce on December 26, surpassing the $75 threshold for the first time on record.
- Gold touched a record high around $4,531.04 per ounce, extending a powerful 2025 rally across precious metals.
- Year to date, silver is up roughly 150% and gold about 70%, marking the strongest annual gains since 1979.
- Market commentary links the surge to a weaker dollar tied to expected Federal Reserve rate cuts and uncertainty around President Donald Trump, with U.S. Treasuries also losing appeal.
- Analysts highlight safe-haven buying by central banks and individuals, with additional support from concerns over public debt, a possible AI-sector bubble, and U.S. military moves and a naval blockade targeting Venezuela.