Precious metals start the year with a "comeback" – Silver and gold lead the rebound wave

FreeRider · 2026-01-15T14:34:00+00:00

At the beginning of 2026, the precious metals market rebounded strongly, with gold and silver prices rising sharply to reach $4,450 and $76.6 per ounce, respectively. Despite experiencing intense volatility at the end of 2025, several commodities such as gold and silver hit all-time highs for the year, with significant gains. Weakening of the US dollar and geopolitical developments drove investors to buy precious metals, and the market showed a continued upward trend.

FreeRider

2026-01-15 14:34:00

Abstract generation in progress

New Year Kickoff: Precious Metal Prices Rapidly Rebound

Entering 2026, the precious metals market has experienced a strong rebound. According to market data, yesterday’s gold price rose nearly 3%, regaining the $4,450/onza troy level, while silver performed even better, with a single-day increase of over 5%, reaching $76.6/onza troy de plata. This upward momentum continued today, with major precious metal varieties advancing together.

Year-End Spectacle: From Record Highs to Rapid Corrections

Looking back at the market performance at the end of 2025, precious metals experienced a remarkable cycle of gains and losses. During the holiday period, due to liquidity shortages, price volatility was amplified:

Gold surged to a historic high of $4,550/onza troy around Christmas Eve
Silver hit a record peak of $84/onza troy de plata on the morning of December 29
Platinum refreshed to $2,490/onza troy
Palladium approached $2,000/onza troy, reaching a three-year high

However, after the peak, a sharp decline followed. Silver plummeted over $10 on the 29th alone, marking the largest single-day drop in over five years. Behind this correction, futures exchanges (including COMEX and Shanghai Futures Exchange) successively raised margin requirements, forcing many investors to liquidate positions.

Outstanding Performance Throughout the Year: Multiple Varieties Set Records

Despite the volatility at year-end, precious metals delivered impressive annual returns:

Gold increased by 64.6% for the year, the largest annual gain since 1979
Silver soared by 148%, also reaching the highest level since 1979
Platinum rose by 127%, the biggest increase since it was listed in 1987
Palladium grew by 77.5%, marking the best performance in the past 15 years

Support Factors Reassemble: Weakening Dollar Opens Up Upward Channel

Precious metals regained buying interest at the start of the new year, driven by multiple factors. First, the US manufacturing ISM index fell to a 14-month low in December, boosting market expectations of possible rate cuts by the Federal Reserve, which in turn pressured the US dollar index. A weaker dollar directly benefits non-yielding assets like gold and silver.

Second, recent geopolitical developments (including US military actions in Venezuela) have increased investors’ demand for safe-haven assets.

Finally, supply-side pressures on silver continue, with declining Chinese inventories, shrinking COMEX holdings, and the upcoming implementation of new export controls in China early 2026, all heightening concerns over silver shortages.

The precious metals market is currently in a critical re-pricing process, with fundamentals and technicals both pointing to the potential for further gains.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.