On Friday, prices of this raw material on global markets exceeded $77 for the first time. per ounce. At the same time, gold and platinum reached historic highs.
“These increases were driven by expectations of interest rate cuts by the US Federal Reserve and geopolitical tensions that increased demand for safe assets,” writes Reuters.
Over the last year alone, the price of silver has increased by over 170%. and it is already very close to the level of $80. per ounce. On the spot market, the price reached over $79 on Saturday morning.
Reuters writes that this growth is primarily driven by supply deficits, the recognition of silver as a critical raw material in the USA and strong investment inflows.
— Expectations of further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving market volatility. While there is a risk of profit taking before the end of the year, the trend remains strong, Peter Grant, vice president and chief metals strategist at Zaner Metals, told the agency.
Gold is also breaking records
Silver prices are breaking records, slightly overshadowed by gold. And this is also reaching levels that we have never seen before in global markets.
Gold is associated primarily with wealth, luxury and the highest prestige, and has been a symbol of power and success for centuries. In the financial world, it is perceived as a “safe haven” that remains a key safeguard of capital value in 2025 in the face of global economic uncertainty.
Before Christmas, gold prices exceeded 4.5 thousand. hole. per ounce, although a few years ago it seemed that the level was 2-2.5 thousand. hole. he is tall. However, the geopolitical situation has greatly disturbed the market, which causes supply problems and, as a result, price increases.
See also: The Poles stormed for gold. Russian drone attack fueled demand
