The spot price of silver exceeded $100 per ounce for the first time in history on Friday amid rising demand for safe-haven assets.
At 7:10 p.m. CST, it rose 4.6% to approximately $100.67 per ounce, reaching $100.91 per ounce during the session.
The spot price of gold also set a new record and is approaching $5,000 per ounce. At 19:11 CEST, it rose 1% to $4,984.33 per ounce, slightly down from its intraday and historic high of $4,988.33 per ounce.
Since the beginning of the year, silver has risen in price by 39.4% and gold by 14.3%.
Gold and silver prices hit new highs on Monday amid increased demand for safe-haven assets due to the situation surrounding Greenland.
Traders fear that increased pressure from US President Donald Trump, who is laying claim to Greenland, will provoke a large-scale trade war between the US and Europe.
On Saturday, Trump announced that he would impose 10% tariffs on a number of European countries that support Denmark and Greenland starting in February. From June 1, 2026, the tariffs for these countries will be 25% and will remain in effect “until an agreement is reached on the full purchase of Greenland by Washington,” Trump said.
European countries are ready for a coordinated response to the introduction of US tariffs, said European Commission President Ursula von der Leyen. According to the Financial Times, EU countries are considering imposing tariffs on US goods worth €93 billion or a series of restrictions on American companies.
The trade tensions surrounding Greenland are different from last year’s situation with the US imposing large-scale tariffs, notes Charu Chanan, chief investment strategist at Saxo Markets in Singapore.
“The use of tariff threats within NATO is a kind of blow to confidence that could provoke a more persistent risk premium on asset values,” she says.
The spot price of gold rose 1.6% to $4,670.47 per ounce by 9:30 a.m. on Monday, while silver rose 3.4% to $93.1755 per ounce. During the session, the price of gold rose to a record $4,690.59 per ounce, and silver to $94.1213 per ounce.
“Geopolitical risks are intensifying,” said Kyle Rodda, an analyst at Capital.com Inc. in Melbourne. “New trade uncertainty is clouding the growth outlook, and US foreign policy is undermining confidence in the dollar. This is the perfect set of conditions for gold and silver prices to rise.”
US stock index futures are down 0.8-1.3% on Monday. Trading activity on the futures market is weak as US exchanges are closed for the Martin Luther King Jr. holiday.
Reference: The Experts Club analytical center previously released a video analysis of the twenty largest silver-producing countries and their competition for leadership in 1971-2024 – https://www.youtube.com/shorts/HvKK-YET8vs
The Experts Club also previously presented an analysis of the world’s leading gold-producing countries — https://youtube.com/shorts/DWbzJ1e2tJc?si=BywddHO-JFWFqUFA
The spot price of gold set a new record during trading on Monday.
As of 8:22 a.m. Kyiv time, it stood at $4,574.77 per ounce, up 1.5% from the previous session’s close. Earlier in trading, the spot price of gold rose to $4,599.87 per ounce, a record high.
Gold futures on the Comex exchange added 1.9% to $4,586.5 per ounce.
Other precious metals are also rising in price. The spot price of silver rose 5.5%, platinum 3.5% and palladium 3.2%.
Demand for precious metals is being driven by heightened geopolitical risks and concerns about the independence of the US Federal Reserve (Fed), which have been exacerbated by news that the US Department of Justice is preparing criminal charges against Fed Chairman Jerome Powell.
According to Powell, the charges are related to his statements during a speech to the Senate Banking Committee in June last year on the long-term project to renovate the Fed’s headquarters.
‘These unprecedented actions should be viewed in the broader context of threats and ongoing pressure from the US administration,’ Powell said.
In addition, the United States continues to monitor the protests in Iran and is considering various options for action, US President Donald Trump said.
When asked how Washington would respond if Iran attacked American military bases, the president said, ‘We will strike them with a magnitude they have never experienced before.’
Trump also repeated his threats to take control of Greenland.
Gold and other precious metals rose on Monday amid events in Venezuela, which contributed to increased demand for safe-haven assets.
As reported, on January 3, US special forces conducted a special operation in Venezuela, capturing the country’s president, Nicolas Maduro, and his wife. Maduro will appear before a federal court in Manhattan, New York, on Monday, ABC News reported. He is expected to face drug trafficking charges that could result in multiple life sentences. US President Donald Trump said on Saturday that his country would temporarily take control of Venezuela.
The spot price of gold rose 2.1% during trading to $4,422 per ounce. Gold for February delivery on Comex rose 2.4% to $4,433.3 per ounce.
“Events in Venezuela have spurred demand for defensive assets as investors seek to protect themselves from geopolitical risks,” said KCM Trade analyst Tim Waterer. “Gold and silver were among the main beneficiaries.”
In 2025, gold rose 64%—the most since 1979—amid geopolitical tensions, lower interest rates, and high demand from global central banks. On December 26, the price of the precious metal rose to a record $4,549.71 per ounce.
The price of silver on the spot market rose 3.8% on Monday to $75.33 per ounce. At the end of last year, silver rose 2.5 times in price, which was its best annual performance. The price of the precious metal reached a record high of $83.62 per ounce on December 29.
The spot price of platinum rose 3.7% during trading to $2,220.3 per ounce, and palladium rose 2% to $1,671.7 per ounce.
Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=BywddHO-JFWFqUFA
Precious metals showed the strongest performance among key asset classes in 2025 amid geopolitical tensions, expectations of a softening US Federal Reserve policy, and seasonally low liquidity at the end of the year.
According to market reports, silver rose 128.47%, gold rose 66.59%, and copper rose 35.45%.
US stock indices also ended the year in positive territory: the Nasdaq added 19.70% and the Russell 2000 added 12.53%.
At the same time, the crypto market showed weaker dynamics: Bitcoin fell by 5.75%, Ethereum by 11.58%, and the altcoin sector by 42.27%.
In the commodities market, the key driver was the “defensive” component of demand: gold hit new all-time highs in 2025, while silver showed relatively sharp growth; copper also strengthened amid bets on infrastructure and industrial demand.
On Wednesday, the price of gold on the spot market exceeded $4,500 per ounce for the first time in history, setting a new record.
By 8:31 a.m. Kyiv time, the spot price of gold had risen 0.1% to $4,490.56 per ounce, and earlier in the session it had risen to a record $4,525.77 per ounce. Futures on the Comex exchange also set a new historic high of $4,555.1 per ounce.
By 9:00 a.m. Kyiv time, these contracts had fallen back to $4,520.6 per ounce, which is 0.3% higher than the previous trading day.
Investors continue to buy gold as a safe-haven asset amid growing geopolitical tensions and expectations of further easing of the US Federal Reserve’s monetary policy amid a cooling labor market and slowing inflation. An additional factor is weak market liquidity at the end of the year, which exacerbates price volatility.
Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=BywddHO-JFWFqUFA
