Silver Hits All-Time High Above $53 and Gold Tops $4,200 – Why Prices Are Soaring
Gold and silver prices are shattering records as anxious investors rush into safe-haven assets. This week, spot gold blew past the $4,200/oz milestone for the first time ever reuters.com, extending a remarkable rally that’s seen it gain over 60% so far this year reuters.com. Gold has now notched five consecutive sessions of gains, peaking around $4,243 on Thursday morning reuters.com. Its sister metal silver has been on an even more spectacular tear: spot silver hit $53.60/oz on Tuesday – a new all-time high, finally surpassing the long-standing 1980 and 2011 peaks reuters.com. Even after a modest dip to about $52.9 on profit-taking, silver remains up roughly 70–80% year-to-date ts2.tech fxstreet.com, making it one of 2025’s top-performing assets. By comparison, gold’s year-to-date gain is around 56–61% reuters.com reuters.com, itself a stunning rise that has captivated markets.