Top commodities rising/falling in 2025 Gold, silver and platinum race to peak In 2025, both gold and silver set new price records, with silver being more surprising. As of December 19, the price of silver set a record of 66 USD/oz, an increase of nearly 130% from the beginning of the year and the most significant precious metal price increase this year. Silver price trend The surge in silver prices was driven by low supply, high demand from India, strong industrial demand, and tariff impacts. Unlike gold, silver is mainly a by-product, so miners find it difficult to meet the increasing demand from electronics and solar panels. The shortage situation is more severe as the US stockpiled 456 million ounces - three times the historical average level due to tariff concerns, while other regions such as China have low inventories. North American retail investors also flocked to this "poor man's gold." The other two precious metals, platinum and palladium, also rose sharply this year, ...