Silver Hits All-Time High Above $53 and Gold Tops $4,200 – Why Prices Are Soaring
Gold hit a record high near $4,243 per ounce this week, while silver reached an all-time peak of $53.60 before retreating. Both metals have soared in 2025, with gold up over 60% and silver rising as much as 80% year-to-date. Investors are buying amid economic uncertainty, U.S. rate cut expectations, and a supply squeeze in silver. Silver lease rates in London climbed to multi-decade highs.