New York, USA – Precious metals markets experienced an exceptional day on Wednesday. Silver achieved an unprecedented historical surge, surpassing the $65 mark for the first time ever.
This rise was driven by weaker-than-expected US labor market data. This reinforced expectations of an imminent interest rate cut by the Federal Reserve.
Silver: Best performing in 2025
Silver continued its remarkable performance this year, reaching record highs, with spot trading rising 2.8% to $65.63 per ounce.
Silver has surged 121% since the start of 2025, making it the best-performing asset class globally.
Experts attribute this rise to strong speculative flows and the search for safe havens.
Gold and other metals follow the trail
Silver wasn’t alone in leading the gains, as precious metals across the board posted collective increases. Spot gold rose 0.4% to $4,321.56 an ounce, while U.S. gold futures climbed to $4,350.50.
Platinum jumped 2.5% to $1,896.40, its highest level in more than 14 years.
Palladium settled at $1602.60 after touching its highest level in two months.
