'We're in a metals war': Gold, silver track their best year since 1970s as volatility grips trade

Gold (GC=F) and silver (SI=F) swung downward Wednesday, but 2025 will go down as one of the best years for the metals in decades. Gold futures fell to about $4,350 per troy ounce, while silver futures tumbled roughly 10% after the Chicago Mercantile Exchange raised margin requirements on precious metal contracts for a second time in a week, forcing out leveraged positions. Even with the late-year volatility, gold has surged around 65%, while silver has more than doubled this year, marking their stronges ...