Silver Rises to Record, Gold Near All-Time High as Risks Persist

Silver rose to a record and gold traded near an all-time high, as geopolitical tensions persisted.

Spot silver advanced as much as 2.2% to $73.4393 an ounce, its fifth straight session of gains. The white metal has risen about 150% this year in a rally that has accelerated since a historic short squeeze in October.

Gold for immediate delivery edged toward its record above $4,525 an ounce that was hit on Wednesday. Frictions in Venezuela, where the US has , have added to the precious metal’s haven appeal. Traders are also betting on more US interest-rate cuts in 2026.