Gold, silver extend record-breaking run-up
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The value of gold and sterling silver is up, so now might be the time to start sorting through your old jewelry and coins.
The forecasts follow gold crossing $4,000 an ounce and silver gaining more than 60% year-to-date, marking one of the steepest rallies in recent decades.
If you've been shopping for jewelry lately, you've probably noticed prices jumping sharply. The culprit? A double whammy of skyrocketing precious metal prices and hefty new tariffs.
Silver and platinum are leading a surge in hard assets, outpacing even gold's impressive gains. The rally reflects how investors are prioritizing tangible value as geopolitical worries add up. Central banks' gold buying shows structural demand for real assets beyond speculation.
Gold prices recently reached an all-time high of above $4,000 per ounce, with many experts forecasting it to hit $5,000 within a year. History suggests there could be years left in this gold rally. That's a powerful catalyst for Wheaton Precious Metals,
Gold futures are surging once again, hitting yet another record high as investors seek to ride the bullion's momentum amid buying from central banks on concerns about fiscal deficits and a weaker dollar.
Silver could face "significantly more" volatility and downside risk than gold, since only gold enjoys central-bank support.
Silver prices surged to new highs on Monday, driven by gold’s historic rally and a massive liquidity squeeze in the London market.
With year-to-date gains of roughly 64% for gold and ~85% for silver, and five-year CAGRs of about 30.6% (gold) versus 33% (silver), silver has already started to outpace gold.
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