---
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"
date: 2025-12-29
canonical: "https://www.share-talk.com/santa-rally-lifts-silver-and-other-precious-metals-to-fresh-highs/"
category: "Blogs"
categories: ["Blogs", "Mining"]
tags: ["COPPER", "Elon Musk", "Federal Reserve", "Palladium", "platinum", "silver"]
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"
---

# Santa Rally lifts silver and other precious metals to fresh highs

**Published:** December 29, 2025
**Author:** sharetalk
**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)

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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.

Asian 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.

Gold 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.

Silver 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.

The sharp rise has prompted warnings from Elon Musk that manufacturers could face serious cost pressures.

Copper 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.

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