Gold, silver jump
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We’ve seen some sharp price swings in the gold market over the last couple of months. Should this diminish gold’s investment appeal?
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A key point in UBS’s analysis is that recent price action was not primarily driven by gold itself. Instead, gold “did little more than piggy-back on much larger moves in white metals,” which were fueled by physical shortages, thin liquidity and stronger investment demand, particularly from China.
Gold and silver have broken key resistance levels, with gold surging past $4,500 and silver above $60, confirming a volatility-driven breakout supported by a weakening U.S. dollar, macroeconomic risks,
Sprott Junior Gold Miners ETF (SGDJ) targets upper-junior and lower-mid-cap gold miners, not simply smaller versions of GDX's senior producers.
Gold and silver prices may see sharp volatility next week as traders assess key economic data and rising geopolitical tensions following the reported capture of Venezuelan President Nicolas Maduro by US forces.
Silver prices on Monday suffered their largest single-day drop in almost five years, before rebounding nearly 8% in midday trading on Tuesday. Some other precious metals, including gold, rode a similar rollercoaster.
Gold and silver prices are set for volatility next week amid US data and geopolitical tensions following Venezuela's leadership crisis.
Gold had a stupendous 2025, the price of an ounce reaching $3,000 for the first time in March, and then topping $4,000 in October. It closed 2025 at more than $4,300 an ounce, 66% higher than the price at the start of the year.
The prices of gold and silver hit record highs on Monday, extending a banner year for the precious metals. Gold has risen 10% over the past month and nearly 70% in 2025. As of midday Monday, the price of gold topped $4,470 per ounce. Silver bested its amber counterpart over that span, jumping almost 40% over the last month and 134% this year.
Both metals plunged Monday after surging to all-time highs in the thin, post-Christmas market, only to rebound Tuesday as dip buyers rushed back in.