Silver Surpasses $75 an Ounce as Gold Hits Historic Highs

The price of silver exceeded the threshold of $75 on Friday, marking a historic record amid a significant rise in precious metals as the year draws to a close, driven by escalating economic and geopolitical tensions worldwide.

Silver reached $75.1515 per ounce (31.1 grams), while gold continued its climb, hitting a new historic high of $4,531.04 per ounce, its highest level ever recorded.

Exceptional Annual Performance

Since the beginning of January, the price of gold has risen by approximately 70%, while silver has surged by over 150%, recording the best annual performance of both metals since 1979. This development reflects profound changes taking place in global financial markets.

Geopolitical Tensions Driving the Surge

This spectacular rise is primarily attributed to the deterioration of relations between the United States and Venezuela, particularly following the deployment of American military forces in the Caribbean region and the establishment of a maritime blockade against Caracas, which is accused of financing what Washington labels as “narcoterrorism.” This atmosphere of uncertainty has heightened investors’ interest in safe-haven assets.

The Decline of the Dollar Supports Precious Metals

At the same time, the U.S. dollar has lost some of its allure as a safe-haven asset, while interest in U.S. Treasury bonds has weakened, paving the way for a significant capital migration towards gold and silver.

Monetary Policy and Global Debt in Focus

The uncertainty surrounding President Donald Trump’s administration, combined with anticipated interest rate cuts by the Federal Reserve, has also bolstered this upward trend. A drop in interest rates generally makes the dollar less attractive and encourages investment in precious metals.

Moreover, investors are expressing growing concerns regarding the rising public debt in major global economies, as well as the risks associated with what some are calling a “bubble in artificial intelligence.” This has prompted more capital to flow towards metals as hedging instruments.

Market Outlook

All these factors suggest that the prices of gold and silver could continue to remain at historically high levels, in a climate of increasing demand for stable assets in the face of ongoing economic and geopolitical disruptions expected to last in the medium and long term.