Silver Tops $100 Milestone as Gold Approaches $5,000
In a significant turn of events for precious metals, silver has surged to a historic price of $100.10 early Friday morning, marking its first time surpassing the $100 milestone. Concurrently, gold is edging closer to reaching $5,000, valued at approximately $4,945.21.
Recent Market Developments
At 10:25 a.m. EST on Friday, silver’s value increased nearly 4%, while gold saw a slight dip from its earlier high of $4,970. Meanwhile, copper prices soared past $13,000 per ton, reaching as high as $13,173.50.
Factors Driving the Surge
The continuous rally of precious metals, which began in 2025, has caught the attention of analysts. Goldman Sachs recently adjusted its gold price forecast, raising it from $4,900 to a projected $5,400 by the end of 2026. This increase comes amid heightened demand for safe-haven assets attributed to geopolitical uncertainties.
- Safe-haven demand has surged due to President Donald Trump’s unpredictable foreign policies.
- Analysts from Saxo Bank cited “fear of missing out” (FOMO) as a driving factor behind the metals’ rally.
- Additional influences include U.S.-European tensions and a weakening U.S. dollar.
International Events Impacting Prices
Various global events have contributed to the rise in precious metals pricing. Key occurrences include:
- The U.S. capture of Venezuela’s Nicolas Maduro.
- Ongoing protests in Iran.
- China’s new export restrictions on silver.
- Trump’s interest in annexing Greenland causing international tensions.
On a recent trip to the World Economic Forum in Davos, Switzerland, Trump eased tensions by retracting his tariff threats against eight European nations regarding Greenland. This decision followed a post on Truth Social where Trump announced further discussions on the matter.
Yearly Performance of Precious Metals
Reflecting on 2025, gold prices witnessed an impressive 65% rise, while silver prices climbed by up to 150%. The continual interest rate cuts and the metal’s application in the technology sector, particularly in electric vehicles and AI data centers, played a significant role in these price changes.
The markets are set for an interesting year ahead, as investors continue to monitor geopolitical developments and their impacts on precious metals.
