Editor’s Note
This article discusses the recent surge in silver prices and gold’s approach to record highs, driven by expectations of U.S. interest rate cuts and geopolitical uncertainty. Readers should be aware that precious metals markets are highly volatile, and this information is for informational purposes only, not as investment advice.
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Expectations of U.S. interest rate cuts and global political instability are shaking the precious metals market.
Silver prices have broken through $91 per ounce, causing turbulence in the precious metals market. Persistent inflation concerns and increasing likelihood of U.S. interest rate cuts are driving investors towards safe-haven assets.
According to blockchain media Cryptopolitan on the 14th (local time), the spot price of silver surged more than 5% to a record $91.5535 per ounce, while the price of gold also approached an all-time high. This follows the upward trend after gold broke through $4,600 per ounce on January 12.
Prospects for interest rate cuts in the United States are further stimulating the precious metals market. Lower interest rates reduce the opportunity cost of holding precious metals, increasing their investment appeal. U.S. economic experts analyzed that the U.S. core inflation rate as of last December was lower than expected. This has sparked controversy, with claims that it was influenced by the government shutdown that lasted from October to November 2025.
U.S. President Donald Trump’s policies have also impacted the increased demand for safe-haven assets. International developments, including sanctions against Venezuelan President Nicolás Maduro, remarks concerning Greenland, and anti-government protests in Iran, are fueling the rise in precious metal prices.
Citigroup analysts forecast that gold prices could rise to $5,000 and silver to $100 within three months. In 2025, silver prices surged more than 150% compared to gold, influenced by supply shortages and a short squeeze. As the possibility of the U.S. imposing tariffs on silver imports is raised, investors are buying silver in large quantities, concerned about supply reduction. In Singapore, gold prices also rose to $4,621.92 per ounce, with silver, platinum, and palladium prices rising in tandem.
Meanwhile, concerns about central bank independence are growing as the possibility of Federal Reserve Chairman Jerome Powell facing indictment is discussed.
JP Morgan Chase CEO Jamie Dimon warned that political intervention could threaten the financial system.