Silver prices surged above the $75 mark per ounce for the first time in history, as precious and industrial metals recorded unprecedented highs toward the end of the year, driven by mounting economic and political uncertainty.
Silver climbed to $75.1515 per ounce (31.1 grams), while gold reached a new all-time high of $4,531.04 per ounce. Since the beginning of the year, gold prices have risen by around 70 percent, while silver has soared by more than 150 percent, marking their strongest annual performance since 1979.
The rally in precious metals comes amid a decline in the appeal of the US dollar and US Treasury bonds, traditionally regarded as safe-haven assets that compete with gold and silver.
This weakening has been fueled by political uncertainty, largely linked to the prolonged tenure of former US President Donald Trump, as well as growing expectations of interest rate cuts by the US Federal Reserve, which have further reduced the attractiveness of the dollar.
Investor concerns have also intensified over the rising public debt levels of major economies and fears of a potential bubble in the artificial intelligence sector. Together, these factors have strengthened demand for precious metals as alternative stores of value.
As a result, gold, silver, and other metals have continued their upward trajectory, reflecting heightened risk aversion and a global search for safe assets amid ongoing market volatility.
