Silver Rises Over 120% YTD 
Published: 03-27-2026, 10:30 am | Updated: 03-27-2026, 10:12 am
🌅 Morning News Nuggets | Today’s top stories for gold and silver investors
March 27th, 2026 | Brandon Sauerwein, Editor
Here’s your gold market news today: prices are bouncing back Friday morning, Asia is racing to build the next great bullion hub, and one closely-watched ratio is flashing a signal investors shouldn’t ignore.
Gold Market News Today: Is the Precious Metals Selloff Over?
In today’s gold market news, gold is bouncing back Friday morning, climbing to $4,437 per ounce (a 1.24% gain) after yesterday’s pullback. The metal touched a session high of $4,475. That signals buyers are stepping back in at these levels.
Silver is holding near $68 per ounce, down just fractionally at -0.20%. After weeks of sharp selling, the move is losing momentum. Both metals appear to be finding their footing as geopolitical tensions recede slightly from this week’s peak. Heading into the weekend, safe-haven demand is quietly reasserting itself.
Is Russia Selling Gold to Fund Its War?
Russia is reportedly selling gold bars for the first time in roughly 25 years. The reason: a growing budget deficit driven by sustained military spending. With sanctions cutting off access to global capital markets and energy revenues under pressure, the Kremlin is turning to its most liquid asset.
In the short term, these sales could add supply to the market and weigh on prices at the margin. The bigger picture is more telling. Gold is functioning exactly as intended — a neutral reserve asset with no counterparty risk, accessible even when everything else is frozen.
It’s a reminder of why sovereign nations hold gold in the first place. When traditional financial channels close, hard assets open.
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Is the Gold-Silver Ratio Signaling a Silver Comeback?
Silver’s selloff has pushed one closely-watched metric to an extreme. The gold-silver ratio measures how many ounces of silver it takes to buy one ounce of gold. It currently sits at 65:1 — a level that has historically preceded strong silver reversals.
The chart tells an interesting story. The ratio crashed to around 48:1 at the end of January — its lowest point in a decade — as the metals market was hit with mass liquidations. Since then, it has been steadily climbing back. When this ratio reaches extremes in either direction, it’s worth paying attention.
Silver is down roughly 44% from its January all-time high near $121. The structural case hasn't changed. Six consecutive supply deficits. Industrial demand making up nearly 60% of total consumption. The ratio alone won't call the bottom — but it's exactly the kind of setup that looks obvious in hindsight.
Could Singapore Become Asia's Gold Trading Capital?
Singapore is positioning itself as a neutral, internationally-aligned gold hub. The Monetary Authority of Singapore and the Singapore Bullion Market Association outlined four focus areas: new gold capital market products, stronger vaulting and logistics standards, an OTC clearing system for large bar and kilobar gold, and vaulting services for foreign central banks.
The working group backing the effort includes JPMorgan, UBS, DBS, and the World Gold Council — a roster that signals Singapore is building for global institutional credibility, not just regional relevance.
Is Hong Kong Challenging London's Grip on Gold?
China is taking a more geopolitically charged approach. Hong Kong has already signed an agreement with the Shanghai Gold Exchange to establish a cross-border clearing system. It is now recruiting Belt and Road central banks to join its platform — positioning itself as a direct rival to London.
Yuan-denominated gold trading and storage are central to the plan. Chinese mining companies are also using Hong Kong's stock market to fund overseas expansion. Where Singapore is betting on broad appeal and trusted infrastructure, Hong Kong is betting on China's gravitational pull — and an accelerating shift away from Western financial systems.
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