Gold, Silver Stumble After Record Year; Best Gains Since 1970s Amid Volatility

• Gold and silver saw a late stumble on the last trading day of 2025, but still recorded their best annual gains since 1979.
• Both metals experienced exceptional volatility, prompting CME Group to raise margin requirements twice to cool the markets.
• The rally was fueled by strong demand for haven assets amid geopolitical risks, US Federal Reserve interest-rate cuts, and fears of inflation.
• Gold surged approximately 63% this year, breaking past $4,000 and an inflation-adjusted peak from 45 years ago.
• Silver soared over 140%, driven by speculative buying and industrial demand, hitting new records before a recent reversal.

Why It Matters: Despite a late dip, gold and silver concluded 2025 with historic gains, marking their best year since the 1970s.