Spot silver surpassed the US$75 per ounce mark for the first time this Friday, December 26, while gold and platinum renewed historic highs. Prices advanced amid expectations of Estados Unidos interest rate cuts and persistent geopolitical tensions. Investidores sought protection in non-interest-bearing assets, which increased demand for these metals.
All precious metals recorded significant gains throughout the week, with silver gaining around 158% year to date. Gold rose 0.6% to trade at $4,505.30 per ounce after peaking at $4,530.60. Platinum rose 5.3% to $2,338.20 and palladium jumped 7.5% to $1,809.93. The low liquidity typical at the end of the year increased volatility in the markets.
Silver reaches unprecedented level
Silver extended its upward trajectory with strength. The metal touched $75.62 during the session before stabilizing slightly. Déficits supply structures explain part of the movement. The classification of silver as a critical mineral in the Estados Unidos also stimulated buying. Industrial demand remains high in sectors such as electronics and solar energy.
The annual advance of silver easily surpassed that of gold. Investidores migrated to the white metal in search of more significant gains. The combination of macroeconomic and market fundamental factors supported the rise. Analistas observe that low liquidity during the festive period contributed to more pronounced movements.
Gold consolidates records with support from Fed
Gold remains on track for the biggest annual gain since 1979. Expectativas of two interest cuts in 2026 by Federal Reserve keep the metal attractive. Ativos without income gain preference in looser monetary policy scenarios. Compras by central banks and inflows into ETFs reinforced demand.
Ongoing dedollarization among emerging nations adds support to the metal. US spot gold and futures posted new intraday highs. The movement reflects the search for protection amid global uncertainties. Bancos central banks continue to accumulate reserves to diversify assets.
Platinum and palladium boosted by tight supply
Platinum reached a new record high of $2,448.25 before closing higher. The metal accumulates gains of more than 170% for the year. Limited supply in the main producing regions puts pressure on prices. Demand in automotive catalytic converters remains firm despite the transition to electric vehicles.
Palladium also soared, with a significant weekly increase. Metal touched a three-year high in the previous session. Incertezas related to trade tariffs and supply constraints contributed to the jump. The migration of investments from gold to cheaper metals accelerated the movement.
Macroeconomic factors support the bullish cycle
The prospect of lower interest rates in the Estados Unidos continues to boost the sector. Mercados prices additional flexibility at Fed. Geopolitical instability in several regions keeps investors alert. Ativos refuge receives consistent flows.
Physical demand at Índia and China varies. Descontos in gold at Índia reached high levels, while at China they retreated from recent peaks. Low liquidity amplifies swings in all metals. The bullish cycle reflects a combination of fundamental and speculative elements.
Industrial demand and limited supply in the spotlight
Silver benefits from growing industrial uses. Designation as a critical mineral stimulates strategic stocks. Platinum and palladium depend heavily on the automotive sector. Conversores catalytic converters consume a large part of the annual production.
Supply faces persistent constraints. Problemas in mines and weather conditions affect production. Comissão Europeia relaxed rules for combustion engines, which supports demand for platinum and palladium. Pequenos markets allow sharp fluctuations with little capital.
Perspectives for the weekly closing
All precious metals are headed for weekly gains. Platinum records biggest weekly increase in history. Gold and silver consolidate high levels. Volatility is expected to remain high until the end of the year.
Investors monitor American economic indicators. Dados employment and inflation influence interest rate expectations. The demand for protection remains high. The precious metals sector ends 2025 with exceptional performance.