12.31.25 - 2025 Recap: Silver up 150% and Gold up 64%

12.31.25 - 2025 Recap: Silver up 150% and Gold up 64%

Gold last traded at $4,311 an ounce. Silver at $70.58 an ounce.

Silver's 150% rally and gold's 64% gain cap historic year for precious metals -Yahoo! Finance

Investing.com -- Despite the sharp pullback in recent days, both gold and silver are set to post substantial gains as we close out 2025, capping a standout year for precious metals as investors sought safety amid economic and geopolitical uncertainty.

Spot silver has surged around 150% this year, breaking above $80 per ounce in late December for the first time and outperforming major equity indexes and currencies. However, the metal has pulled back significantly over the last few days and currently sits around $71.80

The metal has benefited from its designation as a critical U.S. mineral, persistent supply constraints and historically low inventories.

Meanwhile, spot gold has climbed around 64% in 2025, hitting record highs as central bank purchases and risk-off positioning supported prices. However, the pullback in gold over the last few sessions has seen it fall from over $4,500 per ounce to its current level just above $4,300.