Silver Breaks Milestone $100 For The First Time As Gold Nears $5,000

Core Insights - Precious metals, particularly silver and gold, are experiencing a record-breaking rally, with silver reaching an all-time high of $100.10 and gold nearing $5,000 at approximately $4,945.21 [1][2] - The surge in precious metal prices is attributed to increased demand for safe-haven assets amid global uncertainties and geopolitical tensions, particularly related to U.S. President Donald Trump's actions and statements [3][4] Price Movements - Silver's price has increased nearly 4% to a record $100.10 [1] - Gold's price is approximately $4,945.21, slightly down from an earlier high of $4,970 [2] - Copper prices have also surged, surpassing $13,000 per ton, reaching as high as $13,173.50 [2] Market Dynamics - The rally in precious metals is driven by factors such as fear of missing out (FOMO) and a desire for safe-haven assets due to U.S.-European tensions and a weakening U.S. dollar [3] - Goldman Sachs has raised its gold price forecast from $4,900 to $5,400 by the end of 2026, indicating strong bullish sentiment in the market [2] Geopolitical Influences - Recent international events, including the U.S. capture of Venezuela's Nicolas Maduro, protests in Iran, and Trump's push to annex Greenland, have contributed to rising metals prices [4] - Trump's dropping of tariff threats against the EU has been seen as a factor that could have led to a decrease in metal prices, yet the unpredictability surrounding his presidency has led to increased gold demand as a hedge [3][4] Historical Context - In 2025, gold prices rose about 65% and silver surged as much as 150%, driven by federal interest rate cuts and increased demand for silver in technological industries [5] - A price squeeze in silver occurred due to fears of tariffs, leading to a shortage in the London trading hub [5]