2025 was a great year for precious metals, with gold returning around 64% and silver delivering even stronger returns, being up over 145%. In the face of such returns in a relatively short period of time, it’s easy to see why investors may question whether they have missed the boat.

Unquestionably, it’s been a perfect environment and backdrop with the combination of their traditional roles as safe-haven assets amid global uncertainty, strong specific industrial demand for silver and expectations of further interest rates cuts. It’s tough to call the direction of travel from here, with there being many reasons longer-term for both metals to have continued strength, but it wouldn’t be surprising to see shorter-term volatility and some pull back.

To read the full article please click here