The price of silver has reached 75 USD per ounce for the first time in history, Reuters reports. The precious metals market's rise is amid expectations of further interest rate cuts in the US and rising geopolitical tensions.
Gold is trading at 4518,6 USD per ounce. In December 2025, the metal reached a record high of 4530,6 USD. Gold futures for February 2026 delivery rose 0,9%, reaching 4545 USD, the publication notes.
According to Kelvin Wong, senior analyst at Oanda, the price of gold could exceed 5000 USD per ounce in the first half of 2026, while silver could reach 90 USD. Since the beginning of 2025, silver prices have risen by 158%, while gold prices have risen by 72%.
Platinum is trading at 2384 USD per ounce after reaching an all-time high of 2448 USD. Platinum prices are supported by strong industrial demand, Reuters reports.
In the fall of 2025, demand for gold mining equipment and interest in training in gold panning methods increased in the US amid record prices for the precious metal.

