Gold & Silver See Record 2025 Gains; What's Next for 2026?

• Gold delivered over 60% returns in 2025, hitting over 50 all-time highs, with prices reaching $4,300/ounce internationally and Rs 1,34,000/10 grams in India.
• Silver outpaced gold in 2025, surging 121% to $62/ounce internationally, marking its best year since 1971.
• Gold's 2025 surge was driven by geopolitical uncertainties, central bank buying, ETF momentum, a weakening dollar, and interest rate cuts.
• Silver's rapid rise was fueled by safe-haven flows and strong industrial demand, especially from the green energy transition, leading to a market deficit since 2021.
• The 2026 outlook for gold and silver depends on macroeconomic fundamentals, geopolitical risks, central bank demand, and recycling trends, with potential demand destruction for silver if prices exceed $60/oz.

Why It Matters: Your investments in gold/silver are tied to global economic and political stability.