\u00a0eclipsed<\/a>\u00a0an inflation-adjusted peak set 45 years ago \u2014 a time when US currency pressures, spiking inflation and an unfolding recession pushed prices to $850. This time around, the record run saw prices smash through $4,000 in early October.<\/p>\n\u201cIn my career, it\u2019s unprecedented,\u201d said John Reade, a market veteran and chief strategist at the World Gold Council. \u201cUnprecedented by the number of new all-time highs, and unprecedented in the performance of gold exceeding the expectations of so many people by so much.\u201d<\/p>\n
Silver has notched up a gain of more than 140% during the year, driven by speculative buying but also by industrial demand, with the metal used extensively in electronics, solar panels and electric cars. In October, it soared to a record as tariff concerns drove imports into the US, tightening the London market and triggering a historic squeeze.<\/p>\n
The new peak was then passed the following month as US rate cuts and speculative fervor drove prices higher, and the rally topped out above $80 earlier this week \u2014 in part reflecting elevated buying in China.<\/p>\n
Yet the latest move swiftly reversed, with the market closing down 9% on Monday then swinging the following two days. In response to the extreme volatility, CME Group again raised margins on precious-metal futures, meaning traders must put up more cash to keep their positions open. Some speculators may be forced to shrink or exit their trades \u2014 weighing on prices.<\/p>\n
\u201cThe key driver today is the CME raising margins for the second time in just a few days,\u201d said Ross Norman, chief executive officer of Metals Daily, a pricing and analysis website. The higher collateral requirements are \u201ccooling the markets off,\u201d he said.<\/p>\n
Platinum, Palladium<\/h3>\n
The enthusiasm for gold and silver has extended into the wider precious-metals complex in 2025, with platinum breaking out of a years-long holding pattern to hit a new high.<\/p>\n
The metal is on course for a third annual deficit, following disruptions in major producer South Africa, and supply will likely remain tight until there\u2019s clarity on whether the Trump administration will impose tariffs \u2014 as well as on silver.<\/p>\n
Prices for silver, platinum and palladium all sagged on Wednesday, though there\u2019s little sign of enthusiasm waning.<\/p>\n
\u201c2025\u2019s surprise was how safe-haven metals turned into momentum trades \u2014 silver in particular,\u201d said Charu Chanana, chief market strategist at Saxo Markets in Singapore.<\/p>\n
Silver traded down 6% at $71.44 an ounce as of 12:28 p.m. in New York. Gold slipped 0.4% to $4,322.04 an ounce, while the Bloomberg Dollar Spot Index was up 0.1%.<\/p>\n<\/div>\n
Read More<\/a>
\n Yihui Xie, Jack Ryan, Bloomberg<\/p>\n","protected":false},"excerpt":{"rendered":"Gold and silver fell on the last trading day of 2025, though both remained on track for the biggest annual gain in more than four decades as a banner year for precious metals draws to a close.\u00a0 Spot gold hovered around $4,320 an ounce, while silver slid toward $71. The two have seen exceptional volatility<\/p>\n","protected":false},"author":1,"featured_media":882116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23917,37961],"tags":[],"class_list":{"0":"post-882115","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-silver","8":"category-stumble"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/882115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=882115"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/882115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/882116"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=882115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=882115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=882115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}