Precious Metals Mania: Gold Smashes $4,000, Silver Soars Past $50 – What’s Driving the Frenzy?
Record-Breaking Gold and Silver Prices Gold’s latest high (~$4,059/oz on Oct 8) shattered the previous record and caps a nearly 50% rally year-to-date reuters.com ts2.tech. (Gold began 2025 in the high $2,700s.) Silver’s spike is even more dramatic: after languishing in the low $30s at the start of the year, it rocketed above $50 — briefly touching $51.22 — in mid-October reuters.com ts2.tech. That represents well over a 70% gain in 2025 for silver, significantly outpacing gold. To put this in perspective: silver’s run has re-tightened the gold/silver ratio (ounces of silver per ounce of gold) to historically low levels