Gold Hits Record High, Silver Faces Historic Short Squeeze
The precious metals market just witnessed a double breakout: $Gold - main 2512(GCmain)$ soared past $4,100/oz for the first time ever, while $Silver - main 2512(SImain)$ broke above the symbolic $50/oz mark, recording its highest daily close in history — a level unseen since 1980.
🟡 Gold: Fiscal Storm Meets Fear Trade
Gold’s latest rally is fueled by a perfect storm of macro headwinds and monetary reality:
U.S. fiscal deficit expansion and rising national debt are reviving the “monetary debasement” trade. Analysts at BofA and Société Générale now expect gold to reach $5,000/oz by 2026, citing strong ETF inflows and steady central bank buying.
With investors increasingly skeptical of fiat stability, gold has reasserted itself as the ultimate hedge against policy excess.
“America’s fiscal path continues to favor hard assets,” one strategist noted. “This rally isn’t just momentum — it’s a repricing of risk.”
⚪ Silver: The London Short Squeeze Shocks the Market
Highest daily close in the history of Silver. If gold is rising on macro fundamentals, silver’s surge is all about market structure and scarcity.
Dark background financial chart displaying silver prices in USD per ounce from 2002 to 2028 with red and green candlesticks indicating price movements, blue line for trend, volume bars below, and recent high close highlighted around 32 USD.
Spot silver spiked above $52.5/oz, surpassing the infamous 1980 Hunt Brothers peak. A historic short squeeze in London has driven liquidity to the brink — leasing rates jumped over 30% last week, and the London premium to New York reached nearly $3/oz.
Physical shortages from soaring Indian demand and transatlantic transport constraints have triggered a global rush to secure supply.
Even as industrial demand may ease slightly next year, analysts warn the fifth consecutive year of structural deficit could push silver toward $65/oz — another 25% upside.
Gold and silver are now moving on different drivers but one shared force: a global revaluation of real assets.
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