Precious Metals Rally Continues as Gold and Silver Reach New Heights

The precious metals market is demonstrating remarkable strength, with gold extending its impressive winning streak into an eighth consecutive week. Currently trading at $3,993 after gaining 2.7% this week, the yellow metal has consistently held above the psychologically significant $4,000 threshold. This sustained upward movement highlights gold’s resilience amid ongoing market uncertainties. Earlier in the week, the asset reached a fresh record peak of $4,059 per ounce, reinforcing its status as the ultimate safe-haven investment.

Silver has delivered even more spectacular performance, achieving a historic milestone of $51.22 per ounce on Thursday before settling at $50.95. This represents an extraordinary 76% increase year-to-date, far outpacing many other asset classes.

Market experts point to several structural factors driving silver’s exceptional rally:

• Significant backwardation... Read more...