Silver tops $100 as gold nears $5,000 on extraordinary metals rally
Silver surpassed $100 per ounce while gold approached $5,000 amid a historic precious metals rally driven by uncertainty.Summary
Precious metals experienced a historic rally, with silver surging past $100 per ounce for the first time, marking a 40% gain in 2026 and over 230% in the past year. Gold also advanced, trading near $5,000, up about 11% in 2026. This surge in safe-haven assets is attributed to elevated macro and geopolitical uncertainty following Donald Trump's presidency starting in 2025, including trade concerns, geopolitical tensions, and worries about the Federal Reserve's independence after Trump interviewed candidates for the Fed chair. Silver's recent spike was further fueled by strained US relations with European allies and stalled progress in the Ukraine war. The broader metals complex also rose, with palladium nearing $2,000 and lithium surging significantly.
(Source：Crypto Briefing)