Boosted by expectations of interest rate cuts from the Federal Reserve and geopolitical tensions increasing safe-haven demand, the price of silver broke the $76 mark for the first time on Friday and rose 6% during the day; gold and platinum prices also hit record highs. Peter Grant, vice president and senior metals strategist at Zaner Metals, said that expectations for further policy relaxation by the Federal Reserve in 2026, the weakening dollar, and heightened geopolitical tension are driving price fluctuations in the weak market. Although there may be some risk of a profit settlement before the end of the year, the upward trend remains strong. It is possible for silver to reach $77 or even $80 an ounce before the end of the year. For gold, the next target is $4686.81 per ounce, which is likely to reach $5,000 in the first half of next year.

Boosted by expectations of interest rate cuts from the Federal Reserve and geopolitical tensions increasing safe-haven demand, the price of silver broke the $76 mark for the first time on Friday and rose 6% during the day; gold and platinum prices also hit record highs. Peter Grant, vice president and senior metals strategist at Zaner Metals, said that expectations for further policy relaxation by the Federal Reserve in 2026, the weakening dollar, and heightened geopolitical tension are driving price fluctuations in the weak market. Although there may be some risk of a profit settlement before the end of the year, the upward trend remains strong. It is possible for silver to reach $77 or even $80 an ounce before the end of the year. For gold, the next target is $4686.81 per ounce, which is likely to reach $5,000 in the first half of next year.