On December 23, 2025, gold, silver and copper futures reached all-time highs. Fears by investors regarding the stability of the dollar drove this extraordinary spike. This historic increase in the price of precious metals is part of a larger trend of extreme volatility and swift economic change.
On this day, silver futures made history with a stunning rally, spiking to heights unseen in nearly four decades. In response to these fears about currencies, investors rushed to the contrarian safe haven—silver. We weren’t surprised by this momentum in silver, as the gold market took off at the same time, hitting historic price points. In case you haven’t noticed, market analysts have been worried about an increase of uncertainty within the global markets. Consequently, investors are turning to more conventional stores of value for stability.
Soon after those comments, gold futures prices surged to hit $2000 per oz. This most inflationary of metals long thought to be a hedge against inflation and economic crisis, has stolen the show once again. Now that the value of the dollar is on shaky ground, even more investors are looking at gold as a safe haven—pushing its price up even higher.
Futures for other commodities—including copper—jumped, with copper hitting all-time highs on the same day. Copper prices are hitting all-time highs, indicative of a booming worldwide demand for industrial metals. This increase arrives just as global economies are trying to recover from their own economic recession. Some analysts say the increasing prices reflect a more positive future for upcoming infrastructure projects and overall construction activity.
The concurrent uptick in all three of these important metals is proof that a dramatic pivot in investor sentiment is underway. Uncertainties in the world economy, including inflation fears, usually drive precious metals interest as a safe-haven giver when investors want to protect against losses in other areas. With prices continuing to increase, expect lively debate on Capitol Hill. These discussions will address the impact on retail investors and the overall market landscape.