Gold surged to over $4,500 per ounce in 2025 before easing, while silver saw record gains, driven by global economic shifts and strong industrial demand.
In 2025, gold rose about 65% to a peak of $4,549.96 per ounce before settling at $4,318.65, supported by de-dollarization, Federal Reserve rate cuts, and central bank purchases. Silver surged 150% to $83 per ounce before closing at $71.51, fueled by industrial demand and supply shortages. Analysts note that both metals experienced sharp rallies amid favorable macroeconomic conditions and shifting global currency dynamics.