{"id":130852,"title":"Santa Rally lifts silver and other precious metals to fresh highs","publisher":"Share Talk","author":"sharetalk","published":"2025-12-29T08:36:34+00:00","modified":"2025-12-29T08:51:57+00:00","canonical_url":"https://www.share-talk.com/santa-rally-lifts-silver-and-other-precious-metals-to-fresh-highs/","markdown_url":"https://www.share-talk.com/santa-rally-lifts-silver-and-other-precious-metals-to-fresh-highs.md","json_url":"https://www.share-talk.com/santa-rally-lifts-silver-and-other-precious-metals-to-fresh-highs.json","category":"Blogs","categories":["Blogs","Mining"],"tags":["COPPER","Elon Musk","Federal Reserve","Palladium","platinum","silver"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/12/santa-rally-dec.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"As the final trading week of the year gets underway, the rally in precious metals is showing little sign of fading, even after bouts of profit-taking. Silver, platinum and palladium all hit fresh all-time highs before easing back, underscoring the intensity of the move.\n\nAsian stock markets are mixed, while the US dollar is hovering near a three-month low as investors continue to price in further interest rate cuts from the Federal Reserve next year.\n\nGold is down 1.3% this morning at $4,472 an ounce, but remains on course for its strongest annual performance since 1979, with gains of more than 70% in 2025.\n\nSilver briefly surged above $80 an ounce for the first time on Monday before retreating around 3.3% to roughly $76 amid profit-taking. Even after the pullback, the scale of the rally is striking: silver has climbed from about $56 at the start of December and from just $29 an ounce at the beginning of the year.\n\nThe sharp rise has prompted warnings from Elon Musk that manufacturers could face serious cost pressures.\n\nCopper has also enjoyed a powerful year, rising by more than a third and trading close to the record $13,000-a-tonne level, as demand for the red metal continues to strengthen."}