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.
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.
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.
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.
Gold prices retreated from a six-week high as rising U.S. Treasury yields and investor profit-taking weighed on the metal, while silver pulled back from its record peak.
A Goldman Sachs survey shows over 70% of institutional investors expect gold to rise further, with many forecasting a move toward $5,000 by 2026.
Silver has outperformed gold in 2025, soaring 71% amid tightening supply, emptying vaults, and accelerating industrial demand from EVs, AI hardware, and solar technologies. Analysts say prices may continue rising.
Gold climbed over 1% to its highest level in nearly two weeks after soft U.S. economic data strengthened expectations of a Federal Reserve rate cut next month, lifting demand for non-yielding bullion.
Tucker Carlson launched Battalion Metals to trade gold and other precious metals, leveraging rising demand and his influence over investor sentiment.
China’s net gold imports via Hong Kong fell sharply in October, sliding about 64% from September as softer domestic demand and high global prices curbed buying activity.
Gold prices declined after a stronger-than-expected U.S. labor report and a firmer dollar, which reduced expectations of an imminent interest-rate cut by the Federal Reserve.