As gold and silver continue to set new records, the famous yellow metal has just surpassed $5,000 per ounce. A look back at this exceptional performance.
Gold and Silver Set New Records
In recent weeks, we’ve regularly covered the surge in precious metals amid macroeconomic uncertainty.
After breaking record after record, the price of gold has now set a new all-time high (ATH) of $5,100, marking a 17.8% increase since the start of the year:
Daily gold prices
Daily gold price data
Returning to precious metals, silver is also continuing its rally, and its all-time high (ATH) now stands at nearly $110, according to TradingView data. In fact, silver recently joined gold on the podium of the world’s largest market capitalizations, with $6,097 billion. It’s also worth noting that gold has a higher market capitalization than all other assets in the top 10 combined:
Top 10 Largest Market Capitalizations in the World
Meanwhile, The Kokeissi Letter’s X account notes a premium on silver on the Shanghai Stock Exchange, with a record high of $124.
While precious metals may well continue to rise amid this economic uncertainty, let’s not forget the famous adage that trees don’t grow to the sky—and that in such euphoric situations, it can be easy to give in to FOMO.
