Silver Corrects 16% From Peak, Falls Back to $70 an Ounce
Silver drops roughly 16% to $70 an ounce as profit-taking follows a sharp rally to record highs.
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Silver drops roughly 16% to $70 an ounce as profit-taking follows a sharp rally to record highs.
China is tightening control over silver exports from January 1, introducing state licensing requirements as domestic prices surge well above global benchmarks.
Silver surged to a historic high above $82 per ounce, posting its strongest performance since 1979 and overtaking Nvidia by market value amid an explosive commodities rally.
Silver prices have surged to a new record above $79 per ounce, drawing attention not only from investors but also from industrial leaders like Elon Musk.
Gold hit $4,500 today, validating Ed Yardeni’s bullish forecast and pushing Wall Street to raise its long-term outlook for the metal heading into 2026.
Fresnillo Plc has emerged as one of the world’s top-performing stocks in 2025, delivering gains that outpaced even the historic rallies in gold and silver.
Spot silver climbed to $70 per ounce for the first time ever, extending a powerful rally driven by supply shortages, strong investment demand, and spillover momentum from gold.
Copper prices surged past $12,000 per metric ton for the first time on record, driven by supply disruptions and trade distortions tied to U.S. tariff policy, marking the metal’s strongest annual performance in over a decade.
A routine sale of spare parts unexpectedly revealed real gold, triggering a collector frenzy for a limited batch of old LG air conditioners.
Gold surged to a new all-time high above $4,400 as investors intensified bets on U.S. interest rate cuts, driving strong demand for precious metals. Silver also climbed to fresh peaks, reinforcing bullish momentum across commodities.
A $10,000 investment in silver made near its 1980 peak would be worth only about $13,000 today, underscoring weak long-term returns.
Spot silver reached $60 per ounce for the first time ever, propelled by tight supplies and growing demand. The surge is drawing fresh scrutiny as supply shortages, rising industrial demand, and speculative flows reshape silver’s traditional role.
Oil prices fell about 2% as Iraq restored production at an oilfield supplying roughly 0.5% of global output, while continued Ukraine talks reduced geopolitical risk.
The Bank for International Settlements says gold’s 60% surge alongside record-setting equities marks an unusual pattern that may signal speculative excess across major markets.
Gold slips as equities strengthen and investors await key U.S. inflation data ahead of next week’s Fed meeting.