Gold, Silver Soar: Silver Jumps 13% in New Year, Gold's Rally Continues Amid Global Uncertainty

• Silver has surged nearly 13% in the initial days of the new year, while gold has risen approximately 85% in the last 12 months.
• Domestic markets mirror global trends, with gold reaching an all-time high on MCX and silver trading higher.
• International gold prices briefly crossed $4,600 per ounce, and silver surpassed $86, driven by political and geopolitical risks.
• Concerns over Fed independence and escalating global tensions (Venezuela, Iran, Ukraine, China-Japan) are fueling safe-haven demand.
• Experts predict further upside for gold towards $4,745-$4,750 and silver towards $88-$93, but caution against volatility.

Why It Matters: Gold and silver continue their strong rally, driven by global uncertainties, but investors should exercise caution.