Silver Hits $42/oz — 45% YTD Gains —
The Global Precious Metals Index surged 7.36% last month as metals reacted differently to changing economic conditions. Gold stole the spotlight by reaching a record high of $2,942.70 per ounce before pulling back in mid-February. Analysts attribute this historic performance to economic uncertainty, geopolitical tensions, and aggressive central bank purchases, with expectations for continued growth throughout 2025.
Silver has also impressed investors, rising to $32.80 per ounce by mid-February—its highest point since December 2024. The metal’s dual appeal as both an industrial material and safe-haven asset has boosted investor interest. Platinum prices have remained steady despite a strong dollar, with experts forecasting a supply shortage through 2025 as automotive and industrial demand grows.
Palladium faced the most turbulence among precious metals. After initial gains in January, prices declined in February, with market uncertainty amplified by new Trump Administration tariffs that, while not directly targeting palladium, created ripple effects throughout metal markets.
