Specifically, spot silver surged approximately 4%, reaching $66.3 per ounce, after briefly hitting an all-time high of $66.51 per ounce. This remarkable rally has positioned silver as the top-performing precious metal this year, with gains of up to 126%, significantly outpacing gold’s 65% increase.
According to Edward Meir, an analyst at Marex, there’s a notable shift in capital flow within the precious metals sector. “Silver is driving gold higher. Some capital is moving out of gold and into silver, platinum, and palladium. In the short term, $70 per ounce is a reasonable next target for silver,” he stated.
Meanwhile, spot gold rose by 0.7%, reaching $4,332.21 per ounce, after earlier gains of over 1% during the session. U.S. gold futures also climbed 0.7%, to $4,364 per ounce.
Silver surpasses $66 per ounce for the first time, while gold gains approximately 1%. Image: IG.
The primary driver for gold’s strength stems from expectations of accommodative monetary policy from the U.S. Federal Reserve (Fed). Recent data revealed that the U.S. economy added 64,000 jobs last month, exceeding forecasts, yet the unemployment rate rose to 4.6%, the highest since September 2021. This development fuels hopes that the Fed will soon resume rate cuts, benefiting non-yielding assets like gold.
“The market is still betting on two rate cuts by the Fed in the first half of 2026, which could continue to support gold prices in the coming period,” noted Bas Kooijman, CEO and Portfolio Manager at DHF Capital S.A.
Last week, the Fed implemented its third and final 0.25 percentage point rate cut of the year. Investors are now pricing in two additional rate cuts for 2026.
Beyond monetary factors, geopolitical tensions are also boosting safe-haven demand. U.S. President Donald Trump recently ordered a full blockade on sanctioned oil tankers entering or leaving Venezuela, intensifying pressure on President Nicolas Maduro’s administration.
Among other precious metals, platinum advanced 2.5%, reaching $1,896.90 per ounce, its highest level in over 17 years, while palladium also rose nearly 2.5%, to $1,643.79 per ounce, the highest since February 2023.
Silver Prices Hit Another All-Time High
Today’s silver prices have surged to new heights, both domestically and globally, marking a significant milestone in the precious metals market.
Today’s SJC Gold Price & Gold Ring Price – December 17th
After a sharp decline of 1.6–1.8 million VND per tael on December 16th, gold prices rebounded on the morning of December 17th.
Silver Prices Stabilize Above 64 Million VND per Kilogram
Today’s Silver Prices: Domestic and Global Markets Steady in Early Week Trading
Silver prices both domestically and internationally remain stable as the week begins, reflecting a calm start to trading sessions.
USD Price Continues to Hit New Lows
During the week of December 8–12, 2025, the US dollar extended its decline in the international market following the Federal Reserve’s decision to cut interest rates by an additional 25 basis points.
Silver Hits Record High, Then Plunges: Experts Predict Triple-Digit Prices by 2026
Silver prices soared to unprecedented heights in 2025, more than doubling and outpacing gold in a rally experts dubbed a “historic surge.”
