Silver broke through $77 for the first time on Friday (December 26th), while gold and platinum hit record highs, driven by expectations of a US Federal Reserve interest rate cut and geopolitical tensions fueling demand for safe-haven assets. Spot silver jumped 7.5% to $77.30 an ounce, as of 1:53 PM ET (1853 GMT), after hitting an all-time high of $77.53 earlier today, marking a 167% year-to-date surge driven by supply deficits, its designation as a US essential mineral, and strong investment inflows. Spot gold rose 1.2% to $4,531.41 an ounce, after hitting a record high of $4,549.71...
Crude oil prices strengthened towards the end of the year, supported by hopes of better demand from China and a commodity rally that helped lift market sentiment. Brent has returned above $61 per barrel, while WTI is hovering around $57 per barrel. This increase comes after China signaled continued support for growth next year. In a statement by the Chinese Ministry of Finance on Sunday, Beijing said it would expand its fiscal spending base in 2026, indicating the government remains ready to stimulate the economy through stimulus and spending. On the geopolitical front, oil prices...
Silver prices surged to a new record, breaking through $80 per ounce for the first time, extending a strong rally heading into the end of the year. This rise marked a historic moment, as silver has moved very aggressively in recent sessions. The white metal rose for the sixth consecutive session and has gained about a quarter (±25%) in that period—the largest six-day gain in data dating back to 1950. The latest surge was driven by speculative fund inflows, coupled with supply disruptions still felt in several major trading centers following the short squeeze in October. Throughout the...