In global financial markets, precious metals have been showing steady growth for weeks. In particular, the sharp increase in the price of silver once again drew the attention of investors to this metal. According to "Market Screener," silver is recording record results in recent days.
It was reported that by the end of the week, one ounce of silver reached $67.45, breaking a historic high. On the spot market, silver became more expensive by 2.6 percent and was valued at $67.14. Thus, the weekly growth reached 8.4%. Experts attribute such a rapid increase to increased investment demand and limited supply in the market.
At the same time, gold also firmly maintained its position. The price of spot gold increased by 0.4% and amounted to $4,347.07 per ounce. On a weekly basis, gold earned 1.1 percent. US gold futures also rose by 0.5%, trading around $4,387.3.
Michael Matousek, the general trader at US Global Investors, noted that gold and silver usually move in conjunction. However, in the last two months, silver has taken the lead in the market. Therefore, in the short term, investors may also increase interest in gold.
Since the beginning of the year, the price of silver has increased by 132%. This indicator is almost twice the 65 percent increase in gold. Philip Streibl, the chief market strategist at Blue Line Futures, explains this situation by the activation of ETF flows and speculative actions by retail investors.
Macroeconomic factors also create favorable conditions for precious metals. In November, the US consumer price index increased by 2.7% year-on-year, falling below the projected 3.1%. At the same time, the unemployment rate rose to 4.6%, reaching its highest point since September 2021.
Experts believe that a decrease in inflationary pressure and a weakening of the labor market could encourage the Federal Reserve to ease monetary policy. According to LSEG data, traders expect interest rates to be reduced by 25 base points at least twice next year.
Other precious metals also maintained positive dynamics. Platinum approached its 17-year high on December 18, rising by 3.1% on December 19, reaching $1,975.51. Palladium, on the other hand, approached a three-year high, becoming 0.8% more expensive and trading at $1,709.75.
In general, global economic uncertainty, expected decisions on central bank policy, and high investment demand make precious metals one of the most attractive assets in financial markets by the end of 2025.
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