Gold and silver are trading near record highs in early 2026 as investors seek safe-haven assets amid global uncertainty. **Gold recently surged above $5,100 per ounce, driven by geopolitical tensions, a softer U.S. dollar and elevated macro risks that have boosted defensive demand. Analysts note sustained central bank purchases and strong ETF inflows supporting prices.
Silver, meanwhile, has broken above $110 per ounce, reflecting both safe-haven flows and strong industrial demand tied to technology and green energy sectors. Some strategists warn that silver’s rapid rise shows signs of speculative excess and could see corrections if momentum fades.
Market forecasts remain broadly bullish for 2026, with many expecting continued upside for gold and potential further gains for silver, though volatility is high. Drivers include ongoing geopolitical risk, monetary policy expectations, and structural demand trends.
In short, gold is cementing its role as a hedge in volatile markets, and silver is performing strongly but may see sharper swings.
