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Silver crosses $77 mark while gold, platinum stretch record highs
Silver breached the $77 mark for the first time on Friday, â€while gold and platinum â€hit record highs, buoyed by â€expectations of U.S. Federal Reserve rate cuts and geopolitical tensions that fueled safe-haven demand.
Spot silver jumped 7% to $77.12 per ounce, after hitting ‌an ‌all-time high of $77.11, marking a 167% year-to-date surge driven ​by supply deficits, its designation as a U.S. critical mineral, and strong investment inflows.
Spot gold was up 1.1% at $4,529.8. per ounce, after hitting a record $4,533.14 earlier. U.S. gold futures for February delivery added 1.3% to $4,559.
"Expectations â for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets. While there is some risk of profit-taking before the year-end, the trend remains strong," said Peter Grant, vice president and senior metals strategist at Zaner Metals.
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57% of retail investors expect silver to trade above $100/oz in 2026, experts see further gains but warn of downside risks
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