Gold Price Ascends to New High, Silver Price Hits 14-Year Best

Gold Price Surges to New All-Time High

Gold prices reached a new all-time high on Monday, climbing nearly 1% to $3,728.36 per ounce. By 10:30 a.m. ET, spot gold traded at $3,718.77 per ounce, reflecting a 0.9% intraday gain. This surge has pushed gold’s price up by more than 41% in 2025. The rally is driven by persistent political uncertainty and expectations of further US interest rate cuts. Central bank purchases and strong investment demand have been key factors since the Russia-Ukraine war in 2022.

Metals Focus data shows that global central banks have been buying over 1,000 metric tons of gold annually since 2022. This trend is expected to continue, with central banks likely to add another 900 tons this year. This would be double the average annual purchase of 457 tons recorded from 2016 to 2021. Furthermore, exchange-traded funds (ETFs) have seen continued inflows, with total holdings reaching 3,615.9 tons by June, the largest since August 2022.

Silver Prices Soar to 14-Year High

Silver, often seen as a more affordable alternative to gold for investors, has also experienced significant growth. On Monday, silver prices hit $43.81 per ounce, marking a new 14-year high. This jump in price brings silver’s year-to-date gains to nearly 50%, surpassing even gold’s impressive performance. The gold-silver ratio currently stands at around 86, still above its five-year average of 82. This suggests that silver may have more room to grow, as investors shift focus from gold to the cheaper precious metal.

Analysts, including Han Tan from Nemo.money, suggest that silver may continue to find upward momentum as investors look beyond gold’s record highs. As silver remains relatively undervalued compared to gold, there could be significant upside potential for this precious metal in the coming months.

SuperMetalPrice Commentary:

Gold and silver prices have surged, reflecting strong demand for precious metals amid global uncertainties and central bank actions. Gold’s record highs highlight its safe-haven status, amplified by geopolitical tensions like the Russia-Ukraine conflict. Meanwhile, silver’s 50% gain this year suggests continued investor interest, especially with a favorable gold-silver ratio. The outlook for both metals remains bullish, with further price increases expected as central banks maintain large gold purchases and safe-haven demand rises.