In 1980, COMEX silver futures reached a record $50.36 per ounce high, and it took four and one-half decades to eclipse that price. In October 2025, the price of the continuous silver futures contract reached $53.765. The following month, the price rose to $57.245, and in December it exploded to $82.67 per ounce. In January 2026, the price has been as high as $95.78, and silver’s ascent has not slowed, but picked up steam since breaking above the high from 1980. In a December 11, 2025, Barchart article th ...

Core Insights - The precious metals sector was the best-performing segment of the commodities asset class in Q4 2025 and throughout the year, with a remarkable 30.27% gain in Q4 and an overall increase of 103.73% in 2025 [1] Gold Performance - Gold achieved its ninth consecutive record high in Q4 2025, rising by 13.03% during the quarter [4] - The COMEX gold futures recorded a 64.37% gain in 2025, settling at $4,341.10 per ounce on December 31, 2025, after reaching a peak of $4,584 in December [5] Silver Performance - Silver futures also reached a new record high in Q4 2025, increasing by 51.38% in the quarter [6] - The COMEX silver futures saw a significant 141.44% gain in 2025, closing at $70.603 per ounce on December 31, 2025, and surpassing the 1980 peak of $50.36 per ounce [7] Platinum Performance - NYMEX platinum futures hit a new record high in Q4 2025, with a quarterly increase of 28.39% [8] - The quarterly chart indicates a 127.57% gain for platinum futures in 2025, settling at $2,034.50 per ounce on December 31, 2025, and exceeding the 2008 high of $2,308.80 per ounce [9]

Core Insights - The dollar index is currently consolidating below the 100 level, indicating a bearish trend for 2025 [2] - The index has shown a pattern of lower highs and lower lows from January to September 2025, suggesting ongoing weakness [3] - Recent inflation data indicates pressures above the Fed's 2% target, which may lead to further rate cuts, negatively impacting the dollar index [5] Dollar Index Trends - The dollar index has been consolidating in a range of 96.22 to 100.26 since August 4, 2025, reflecting a bearish sentiment [4] - The index has made higher lows and higher highs since the low on September 17, but remains near the bottom of its trading range for 2025 [4] Inflation and Interest Rates - The September consumer and producer price index data hovered around 3%, indicating inflationary pressures that are still above the Fed's target but below the current Fed Funds Rate [5] - The Fed's recent rate cut of 25 basis points further narrows the rate differential between the U.S. dollar and other reserve currencies, contributing to a bearish outlook for the dollar index [5] Gold Market Dynamics - Gold has surpassed the euro to become the second most widely used currency, reflecting a decline in fiat currency values, including the U.S. dollar [6] - COMEX gold futures have rallied nearly 59% from the end of 2024, reaching a high of $4,398 per ounce, although they have corrected to around $4,000 in early November [7]

Core Insights - Precious metals, including gold, silver, platinum, and palladium, were the best-performing sector in the commodities market in Q3 2025, rising 20.32% and 55.92% over the first nine months of the year [1] - The bullish trend for precious metals is expected to continue into October 2025, with GLTR ETF rated as a hold, indicating potential buying opportunities during any pullbacks [1] Gold Market - COMEX gold futures reached a record peak of $4,398 per ounce on October 17, 2025, but corrected to $3,901.30 by October 28, marking an 11.3% decline before rebounding to over $4,000 on October 29 [3][4] - The long-term bullish trend for gold remains intact, as indicated by the quarterly chart [5] Silver Market - COMEX silver futures also hit a record peak of $53.765 per ounce on October 17, 2025, followed by a correction to $45.51 on October 28, a 15.4% drop, before rebounding to over $48 on October 29 [6][7] - Similar to gold, the long-term bullish trend for silver is firmly intact [8] Platinum Market - NYMEX platinum futures reached $1,770 per ounce on October 16, 2025, the highest price since September 2011, indicating a continued bullish trend despite recent selloffs [9]