Is Silver the New Gold as Precious Metals Hit Record Highs?
Source: Kapitales Research
Highlights:
Silver surged to record highs, trading above US$66 an ounce at the time of writing, and is now up around 129% this year, sharply outperforming gold.
Gold prices firmed as renewed expectations of US Federal Reserve rate cuts and rising US–Venezuela tensions lifted safe-haven demand.
Other precious metals rallied, with platinum hitting a 17-year high and palladium also posting strong gains, reflecting broad-based strength across the sector.
Silver steals the spotlight as investors rush to safe havens
Silver prices surged to fresh record highs on Wednesday, grabbing market attention as investors sought safety amid economic uncertainty and rising geopolitical tensions. Trading activity on platforms operated by CME Group Inc (NASDAQ: CME) reflected strong demand for precious metals, with silver clearly outperforming its peers in the latest rally.
Spot silver climbed close to 4% to US$66.22 an ounce, having earlier reached a record peak of US$66.88 during the trading session. At the time of writing, silver remained firmly above the US$66 mark, extending a powerful rally that has made it one of the strongest-performing commodities this year.
Rate cut hopes and geopolitics drive demand
Gold prices also moved higher, supported by renewed expectations that the US Federal Reserve could begin cutting interest rates sooner than previously expected. Recent signs of weakness in the US labour market have strengthened the case for easier monetary policy, typically a positive signal for non-yielding assets like gold.
Spot gold advanced 0.7% to US$4,334.01 an ounce after posting gains of more than 1% earlier in the session. At the time of writing, US gold futures had settled 1% higher at US$4,373.90 an ounce, with rising tensions between the US and Venezuela lifting safe-haven demand and adding further strength to the broader precious metals market.
Silver outshines gold and peers
The scale of silver’s rally has been particularly striking. Silver is now up around 129% so far this year, significantly outpacing gold’s 65% rise over the same period. Analysts say strong industrial demand, combined with tight supply conditions and investment flows, has amplified silver’s gains. Other precious metals also joined the rally. Platinum rose 2.2% to US$1,890.60 an ounce, marking its strongest level in more than 17 years, while palladium gained 2% to US$1,635.61 per ounce.
With central bank policy, inflation expectations and geopolitical risks all in play, markets are watching closely to see whether silver’s historic run still has room to shine.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
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Is Silver the New Gold as Precious Metals Hit Record Highs?
Highlights:
Silver steals the spotlight as investors rush to safe havens
Silver prices surged to fresh record highs on Wednesday, grabbing market attention as investors sought safety amid economic uncertainty and rising geopolitical tensions. Trading activity on platforms operated by CME Group Inc (NASDAQ: CME) reflected strong demand for precious metals, with silver clearly outperforming its peers in the latest rally.
Spot silver climbed close to 4% to US$66.22 an ounce, having earlier reached a record peak of US$66.88 during the trading session. At the time of writing, silver remained firmly above the US$66 mark, extending a powerful rally that has made it one of the strongest-performing commodities this year.
Rate cut hopes and geopolitics drive demand
Gold prices also moved higher, supported by renewed expectations that the US Federal Reserve could begin cutting interest rates sooner than previously expected. Recent signs of weakness in the US labour market have strengthened the case for easier monetary policy, typically a positive signal for non-yielding assets like gold.
Spot gold advanced 0.7% to US$4,334.01 an ounce after posting gains of more than 1% earlier in the session. At the time of writing, US gold futures had settled 1% higher at US$4,373.90 an ounce, with rising tensions between the US and Venezuela lifting safe-haven demand and adding further strength to the broader precious metals market.
Silver outshines gold and peers
The scale of silver’s rally has been particularly striking. Silver is now up around 129% so far this year, significantly outpacing gold’s 65% rise over the same period. Analysts say strong industrial demand, combined with tight supply conditions and investment flows, has amplified silver’s gains. Other precious metals also joined the rally. Platinum rose 2.2% to US$1,890.60 an ounce, marking its strongest level in more than 17 years, while palladium gained 2% to US$1,635.61 per ounce.
With central bank policy, inflation expectations and geopolitical risks all in play, markets are watching closely to see whether silver’s historic run still has room to shine.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au