Precious Metals Soar to Unprecedented Heights
Gold exceeded $4,900 an ounce on Friday, reaching an all-time peak of $4,967.48, marking an increase of approximately 80% over the past year.
Silver’s ascent has been even more remarkable, rising 225% in the last 12 months. After trading near $90 per ounce in mid-January—already significantly above the $78-$83 range observed in the first trading week of 2026—silver prices surged to a record $99.38 per ounce on Friday. By 1100GMT Friday, silver was trading at $98.8.
With both metals now deep in uncharted territory, forecasts that once seemed bold have been surpassed by reality. Gold closed 2025 near $4,400 per ounce and silver around $70, levels that set the stage for an explosive start to 2026.
The rush into precious metals has been driven by a turbulent combination of tariff threats, geopolitical instability, and the increasingly Fed-centered discussions over interest rates. Analysts note, however, that the most striking factor is the resilience of demand, even as prices continue to escalate.
“These levels are unprecedented. I think what’s amazing for gold and silver is that the level of selling back … in both metals has been very modest,” said Philip Newman, managing director of London-based independent precious metals consultancy Metals Focus.
Newman explained that this minimal profit-taking is part of what makes predicting future prices so challenging. Metals Focus anticipates gold could reach $5,500 in 2026, while silver may peak at $100, he added.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
