Silver Rises Over 120% YTD 
Global physically-backed gold ETFs experienced significant growth in April, adding $11 billion and extending their inflow streak to five consecutive months. Total assets under management reached a new high of $379 billion, with holdings increasing by 115 tonnes to 3,561 tonnes. Asian markets led this surge, accounting for 65% of global inflows and setting a record with $7.3 billion in new investments, primarily from China. North American investors added $4.5 billion, while European markets saw modest outflows of $807 million. Trading volumes across global gold markets exploded to $441 billion per day, 48% higher than the previous month, with all market segments seeing significant increases in activity.
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Gold Breaks $4,500 While Vanguard Flips Strategy
Gold topped $4,500 for the first time Wednesday, capping a 70% rally in 2025. Silver surged 150% while platinum hit levels not seen since 2008. The precious metals boom comes as the White House pushes for more Fed rate cuts, the labor market sends mixed signals, and Vanguard urges investors to flip their portfolios.
December 24, 2025
