Gold & Silver's Record 2025 Surge: What Lies Ahead in 2026?

• Gold and silver saw historic gains in 2025, with gold returning over 60% internationally and 72% in India, hitting all-time highs over 50 times.
• Silver outperformed gold, reaching $62/ounce from $28, driven by its dual role as a safe haven and a critical industrial metal, especially in green energy.
• Key drivers for the 2025 price surge included geopolitical tensions, central bank purchases, ETF investments, global economic uncertainty, and rupee depreciation in India.
• The 2026 outlook for gold depends on global economics, geopolitical risks, central bank buying, and recycling supply.
• For silver in 2026, industrial demand may decrease if prices stay above $60/ounce, and a global economic slowdown could also exert pressure.

Why It Matters: Global instability and demand drove record gold/silver prices in 2025, with more gains expected.