Silver Breaks $90 as Precious Metals Hit New Record Highs

Source: Coindoo Original Title: Silver Breaks $90 as Precious Metals Hit New Record Highs Original Link: Precious metals kicked off the year with explosive gains, sharply outperforming global equity markets as investors rotated away from risk assets.

While stock indices struggled to find direction, gold and silver pushed to fresh record highs, fueled by mounting political uncertainty, expectations of U.S. rate cuts, and escalating geopolitical tensions. The divergence highlights a growing shift in market positioning as capital seeks safety and inflation protection.

Key Takeaways

• Silver surged past $90 to a new all-time high, rising 6.49% in a single session.
• Gold extended its record rally toward $4,640 as equities struggled to gain momentum.
• Political pressure on the Fed, rate-cut expectations, and geopolitical risks are driving a powerful shift into precious metals.

Silver Breaks $90 in Historic Rally

Silver delivered the most dramatic move, blasting through the $90-per-ounce level for the first time and setting a new all-time high. Prices surged roughly 6.49% on the day, capping off a powerful rally that has gathered speed since late 2025.

The move reflects a combination of safe-haven demand and tightening physical supply, with investors rushing into silver as confidence in traditional risk assets weakens.

Market participants note that the pace of the rally has exceeded most forecasts, raising concerns among institutional investors about volatility, but also reinforcing silver’s role as both a monetary metal and an industrial commodity during periods of stress.

Gold Pushes Toward $4,640 as Safe-Haven Demand Builds

Gold also extended its record-breaking run, climbing toward $4,640 per ounce and gaining about 0.85% over the past 24 hours. The metal has now doubled in price in less than two years, underlining the scale of the shift toward defensive assets.

Unlike silver’s explosive momentum, gold’s advance has been steadier, driven by sustained inflows from investors seeking protection against policy uncertainty and geopolitical risk.

Renewed political pressure on the Federal Reserve and growing scrutiny of Chair Jerome Powell have raised concerns about monetary policy independence, while expectations of renewed U.S. interest-rate cuts later this year have pushed real yields lower – a traditionally supportive backdrop for gold.

Geopolitics and Supply Risks Add Further Support

Beyond monetary policy, geopolitical tensions have added another layer of support to the metals rally. Recent actions by U.S. President Donald Trump on the global stage, combined with unrest in several regions, have heightened demand for safe-haven assets. At the same time, concerns over potential U.S. tariffs on copper and silver have led to an unusual build-up of physical metal inventories inside the country.

Attention is now turning to the upcoming findings from a U.S. Section 232 investigation into critical minerals, which could further disrupt global supply chains and extend strength across the broader metals complex, including copper and tin, both of which have already hit fresh highs.