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 have 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) at $5,100, marking a 17.8% increase since the start of the year:
Daily gold price data
Daily gold price data
Returning to precious metals, silver is also continuing its rally, and its ATH is now set 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 trillion. It is also worth noting that gold has a higher market capitalization than all other assets in the top 10 combined:
Top 10 largest market caps 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.
Admittedly, precious metals could well continue to rise amid this economic uncertainty, but let us nevertheless recall the famous adage that trees never grow to the sky and that, in such euphoric situations, it can be easy to succumb to FOMO.
