As gold and silver continue to break new records, the famous yellow metal has just surpassed $5,000 per ounce. Let’s take a look back at this exceptional performance.
Gold and silver set new records
In recent weeks, we have regularly reported on 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 beginning of the year:
Daily gold price data
Returning to precious metals, silver also continues its rally, with its ATH now set at nearly $110, according to TradingView data. In fact, silver recently joined gold on the podium of the world’s largest capitalizations, with $6.097 trillion. Incidentally, it should also be noted that gold is also more capitalized than all other assets in the top 10:
For its part, The Kokeissi Letter’s X account notes a premium on silver on the Shanghai Stock Exchange, with a record high of $124.
Admittedly, precious metals could well continue to rise in this context of economic uncertainty, but let’s not forget the famous adage that trees never grow to the sky and that, in such situations of euphoria, it can be easy to give in to FOMO.
