13 Oct 2025 | 5 Mins Read
Silver rises as gold reaches a new high amid short squeeze
Flipitmoney
Precious metals surged: gold hit a record above $4,060 an ounce, and silver approached $51 an ounce, driven by US-China trade tensions and a squeeze in London. Platinum and palladium rose over 2% as tariffs fears fueled demand for havens. Gold's advance is underpinned by central bank buying, rate cuts, and US-China tensions, with the precious metal complex surging 50-80% this year.