Precious Metals 17 December 2025 - 23 December 2025

Spot silver touched a record $69.98 per ounce early Tuesday before retreating to around $69.56, according to Reuters and Investing.com. The surge follows safe-haven demand amid U.S.–Venezuela tensions and expectations of U.S. rate cuts in 2026. Thin holiday trading has amplified price swings. Silver also hit new highs in India.

Silver surged to an all-time high near $69.44 per ounce Thursday before settling at $68.97 around 5:00 p.m. New York time, according to Kitco. Volatile trading followed a wave of safe-haven demand and expectations for U.S. rate cuts. Geopolitical tensions involving U.S. actions near Venezuela and speculation over Federal Reserve leadership fueled the rally.

Spot silver closed at $67.14 an ounce Friday after hitting a record high near $67.45, capping a weekly surge of over 120% year-to-date. Trading has thinned ahead of the holidays, with analysts warning of possible volatility and a short-term pullback. The rally has been driven by heavy investment demand, tight supply, and expectations of U.S. rate cuts after softer inflation and higher unemployment data.

Spot silver surged to a record high near $67.45 per ounce in late New York trading Friday, closing around $67.17–$67.38/oz at 4:49 PM ET. The metal jumped 2.6% on the day and is up about 8.4% for the week, gaining roughly 132% year-to-date. Traders cited Fed rate-cut expectations, strong ETF inflows, and retail buying amid tight supply.

Spot silver jumped to $66.35 per ounce at 12:17 p.m. Wednesday, up 4% on the session, after briefly hitting a record $66.52. Reuters reported silver’s 2025 gain at 126%, far outpacing gold. The surge followed renewed rate-cut bets and tight physical supply. Platinum also hit a 17-year high.

Silver soared to a record $66.52 an ounce Wednesday before settling near $65.91, up 3.3% on the day, after U.S. jobs data showed rising unemployment and fueled bets on rate cuts. The metal has surged 128% in 2025, outpacing gold, as tight supply and industrial demand drive buying. Gold also rose, with spot prices near $4,319 an ounce. U.S. unemployment hit 4.6% in November, the highest since 2021.