Gold broke through $4400 per ounce for the first time in history. What is driving the market?

Analysts reiterated forecasts for silver to rise to $100 an ounce after the metal hit an all-time high of over $62 on December 10. Against the backdrop of a rapid rally and years of supply shortages, experts Solomon Global, BNP Paribas Fortis and Standard Chartered believe that a combination of structural demand, growing industrial use of silver and its undervaluation could create conditions for the metal to reach $100 by the end of 2026, <a href="https://www.cnbc.com/2025/12/11/100-silver-what-may-be-next-after-devils-metal-hits-record-high.html">writes</a> CNBC.

$100 an ounce? Analysts expect silver to rise after its record rally

Marvell Technology, Inc.

Chatbot creator Claude Anthropic is preparing for one of the largest IPOs. Marvell buys Celestial AI startup Silver hit an all-time high on expectations of a Fed rate cut and growing supply shortages. Read more - in our review of key events for the morning of December 3.

Highlights for the morning: Anthropic IPO, Marvell's big deal and silver records

Cryptocurrencies slumped sharply - bitcoin fell below $86k amid lack of inflows into ETFs, pressure from major holders and concerns over USDT. Silver, on the contrary, hit an all-time high thanks to tight supplies, strong demand from India and rising tech consumption. These and other topics are covered in our review of key events for the morning of December 1.

Highlights for the morning: Trump picks Fed chief, cryptocurrencies collapse, new silver record

Silver prices rose to an all-time high, surpassing the peak recorded in October amid a sharp shortage of the metal in London, a key global bullion trading hub. The spot price of the precious metal <a href="https://www.kitco.com/charts/silver">jumped </a>5.5% on November 28 and reached almost $56.3 per ounce. March futures <a href="https://www.cnbc.com/quotes/@SI.1">traded </a>above $57. The growth was facilitated by increased expectations of a rate cut by the U.S. Federal Reserve in December, the inflow of investment in exchange-traded funds backed by precious metals, as well as the continuing shortage of physical silver, <a href="https://www.bloomberg.com/news/articles/2025-11-28/spot-silver-hits-fresh-record-after-surpassing-october-peak">explains</a> Bloomberg.

The price of silver has hit a record. Persistent deficits are only one of the reasons

Newmont Corporation

Royal Gold, Inc.

Barrick Mining Corporation

Gold showed the strongest decline since April 2013, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-10-21/gold-and-silver-post-steepest-drops-in-years-amid-market-selloff?srnd=homepage-europe&amp;sref=Y0jVLcFo">reports </a>. The cost of metal on the spot market fell to $4082 per ounce, losing more than 6%.

Gold has its worst collapse since 2013. Investors sell off mining companies

The silver market experienced a record shortage of the metal and prices soared to an all-time high in 1980. A similar jump to $50 an ounce 45 years ago was also the result of an unprecedented shortage caused by the billionaire Hunt brothers. Today, to make money, traders are flying bullion from New York to London by airplane, although back in January they were flying it in the opposite direction.

Silver market rush: what the story of the Hunt brothers, who brought it down 45 years ago, teaches us

Walmart Inc.

OpenAI seeks new revenue streams and partnerships to cover trillion-dollar costs and relaxes content policy to allow adult erotic material. The gold price hit a record $4185 per ounce, reflecting rising tensions between the US and China and expectations of a Fed rate cut. On these and other topics - in our review of key events for the morning of October 15.

Main by morning: OpenAI relaxes erotica policy and seeks money for $1 trillion spending spree

Samsung Electronics Co., Ltd.

LG Corp.

Silver broke through an all-time high of $53 an ounce amid liquidity shortages in London and investors fleeing to safe-haven assets. Samsung posted its biggest profit in three years thanks to hype around AI chips. LG Electronics India shares jumped 50% on the first day of trading after a record offering. These and other topics - in our review of key events by the morning of October 14.

Highlights for the morning: silver on the cusp, Samsung's record profits and LG's debut in India 

Gold.com, Inc.

GoldMining Inc.


Gold continues to rise despite Donald Trump's softening rhetoric on China, which has helped stocks recover some of their losses

"Volatility may subside, but it won't go away": gold price exceeds $4100 for the first time

Investors are moving into safe haven assets

The price of silver has surpassed $50 per ounce. This is the first record since 1980

Harmony Gold Mining Company Limited

Hochschild Mining plc

In the short term, the cost of gold will depend on the Fed's key rate decision in September