Silver and gold stocks and ETFs jumped in premarket trading, as precious metals kicked off the new year higher after a robust 2025 rally.
ProShares Ultra Silver rose 10%; Endeavour Silver and iShares Silver Trust rose 5%; First Majestic Silver and Pan American Silver rose 4%.
Coeur Mining rose 5%; Hecla Mining rose 4%; Newmont Mining, Agnico Eagle Mines, Barrick Mining, and Anglogold Ashanti rose 3%; Harmony Gold, Gold Fields, and SPDR Gold ETF rose 2%.
Precious metals kick-started the New Year on a strong note on Friday, resuming their rally after unprecedented gains in 2025, as geopolitical tensions and hopes of lower interest rates this year kept safe-haven demand intact.
Spot gold climbed 1.4% to $4,372.35 per ounce, as of 0724 GMT, after hitting a record high of $4,549.71 on December 26. It fell to a two-week low on Wednesday.
U.S. gold futures for February delivery gained 1% to $4,384.80/oz.
Bullion staged a stellar rally in 2025, ending the year with annual gains of 64%, its largest since 1979.
Interest rate cuts, bets of further easing by the U.S. Federal Reserve, geopolitical conflicts, robust demand from central banks and rising holdings in exchange-traded funds had fuelled gold's rally last year.
Gold traded at a premium in top hubs India and China for the first time in about two months this week, as a correction from all-time highs helped lift retail demand, which had been hit by an unprecedented rally in prices.
Spot silver rose 3.6% to $73.79 per ounce, after hitting an all-time high of $83.62 on Monday. Silver ended the year surging 147%, far outpacing gold in what was its best year ever on record.
The metal broke through multiple important milestones for the first time, propelled by its designation as a critical U.S. mineral, supply constraints and low inventories amid rising industrial and investment demand.
