Viewpoint: Although gold and silver prices may face short-term profit-taking pressure, long-term macro factors will continue to support the rise of precious metal prices.

PANews, December 29 – The Kobeissi Letter, a capital markets commentary journal, pointed out that gold and silver prices soared in 2025, becoming the “new stimulus checks.” The price of gold rose from $2,400/oz in 2024 to the current $4,500/oz, an increase of 88%; the price of silver rose from $29/oz to $79/oz, an increase of over 170%.

It is estimated that about 11% of Americans hold gold, and about 12% hold silver. Due to the rise in gold and silver prices, the net worth of American households increased by approximately $24.45 billions this year. Globally, China and India purchased 700-900 tons of gold annually between 2022 and 2024, driving gold prices to double.

In addition, China plans to implement export restrictions on silver starting January 1, 2026, further exacerbating market supply shortages. Analysts believe that although there may be short-term profit-taking pressure, and even a rotation of funds into stocks and cryptocurrencies or other assets, in the long term, inflation expectations, central bank rate cuts, and global central banks increasing their gold holdings will continue to support the rise in precious metal prices.