Gold Isn't the Only Metal Dazzling—Silver and Platinum Prices Are Soaring Too! By: Stock Market Charlie

Gold has been on a huge rally in 2025. Invest in Ishares Gold Trust Ticker Symbol (IAU) 1-year Nav return +45.10%

KEY TAKEAWAYS

• Get excited, because gold isn't the only precious metal shining bright in 2025!

• Silver and platinum prices are also skyrocketing amidst the thrilling twists and turns of the market and economy.

• The exciting demand for all three metals is likely to continue for a while!

The price of gold is on an incredible journey, set to achieve its highest yearly return in nearly fifty years! And it's not just gold that's shining brightly this year; other precious metals are soaring, too!

In fact, silver and platinum have outperformed gold's impressive rally. Silver closed September at its highest value ever, and platinum has sprinted ahead of its more famous precious metal counterparts.

The remarkable gains for all three metals reflect a global financial market buzzing with policy uncertainty, inflation worries, and now, a U.S. government shutdown. Investors have always turned to precious metals during times of economic uncertainty, and that's especially true in 2025!

With the unpredictable path of U.S. trade policy, the government shutdown, and the overall global economy, the factors driving demand for precious metals could continue for a while. Plus, the Federal Reserve seems to be on a thrilling course of cutting interest rates, reducing competition from income-generating assets.

A Roaring Rally

This year's rally in precious metals prices has been absolutely extraordinary!

While the S&P 500 Index has impressively gained 14% so far this year, the price of gold has skyrocketed by an incredible 48%! It's on pace for its most spectacular annual performance since 1979, when the price of gold more than doubled in a highly inflationary environment.

The price of silver has increased by over 60% since the beginning of the year, surpassing gold's nearly 50% rise.

Gold is on an exhilarating rise, currently trading near $3,900 per troy ounce! It has repeatedly hit all-time highs this year, soaring nearly 10% in the past month as anticipation of a government shutdown intensified.

Silver is also shining brightly, with an impressive 17% gain in the past month and a stunning year-to-date return of about 65%! It's now trading near $48 per troy ounce, smashing past its 2011 peak of $43.

Platinum is stealing the spotlight, boasting a phenomenal year-to-date return of nearly 80%! It's currently trading around $1,600 per troy ounce.

Companies mining gold and silver are basking in the glory of these soaring prices. The Van Eck Gold Miners ETF (GDX) and the Global X Silver Miners ETF (SIL) have each skyrocketed about 125%!

Not Just Investment Demand

While investment demand might be the driving force behind the impressive price gains in precious metals this year, it's far from the only factor!

In recent years, global central banks have eagerly turned to gold for storing reserves. Although gold has some industrial uses, the combined demand from investors, central banks, and the jewelry industry makes up a whopping 90% of its demand!

Meanwhile, silver and platinum shine with a variety of industrial applications that can significantly boost demand. Silver is a key player in electronics and circuitry, while platinum is essential for automakers in creating catalytic converters and has countless uses in chemical applications.

However, it's the uncertainty that might be the real powerhouse propelling precious metals in the near future. A recent report from the World Gold Council highlighted the promising conditions for precious metals.

"A rise in inflation that is concurrent with a slowdown in economic activity and weakening labor markets signals we are increasingly flirting with a stagflationary environment," the report said.

Best Regards,

Stock Market Charlie