Silver passes the $75 an ounce mark. Gold updates record
Platinum, palladium and copper also went up.
Silver surpassed the symbolic threshold of $75 an ounce for the first time, at a time when precious and industrial metals are reaching record levels, buoyed in particular by economic and geopolitical uncertainty. Silver peaked today at $75.1515 an ounce (31.1 grams).
the price of gold also hit a record high on Boxing Day, reaching $4,561 per ounce for futures delivered in February, which then fall back to $4,547 an ounce, up 0.98% from the previous close. Spot gold paid $4,515, up 0.81 percent. The platinum also rose sharply, after earlier touching an all-time high of $2,448.25, now trading at $2,368.30 (+6.29%), while the palladium rose 5.05% to $1,810.50.
The copper, on the other hand, reached record levels in Shanghai and rallied in New York, adding to the strong year-to-date gains, as investors bet on a drop in global supply in 2026, even taking into account the impact of a weaker US dollar.
In China, prices gained as much as 3.7 percent to nearly 100,000 yuan ($14,230) a tonne on the Shanghai Futures Exchange for the first time, while contracts rose nearly 4 percent to $5.7855 a pound on the Comex. For the US benchmark, this is the highest level ever since an unprecedented short squeeze in July. The London Metal Exchange will reopen on Monday after the Christmas break.Copper's latest rise on Friday came as precious metals also surged, with gold, silver and platinum hitting nominal all-time highs in a powerful year-end rally that dominated global commodity markets.
