Silver’s record run pulls in amateur investors as gold and platinum hit new highs
Spot silver surged 9% on Dec. 26 to a record $78.53 an ounce, outpacing gold and platinum, which also hit all-time highs. Traders cited expectations of U.S. rate cuts in 2026, a weaker dollar, and geopolitical tensions. Retail and industrial demand for silver jumped, with sales of physical silver up 150% year-on-year in December. Silver is up about 167% year-to-date.