Gold & Silver Smash Records in Historic 2025 Rally

Gold and silver surged to fresh all-time highs on Friday, extending a powerful rally that has defined much of 2025.

The most-active gold futures contract closed at a record level for the 51st time this year, according to Dow Jones Market Data. Gold prices have climbed an impressive 66% year-to-date, settling at $4,387.30 per troy ounce.

Silver’s performance has been even more explosive. The most-active silver futures contract is up 131% in 2025, marking its 14th record high of the year.

Both precious metals are now on track for their strongest annual gains since 1979—the last time gold and silver posted this many record highs—underscoring a historic bull market driven by inflation hedging, central-bank demand, and shifting global monetary dynamics.