Silver price hits $100 an ounce as gold nears $5,000

Silver topped $100 per ounce on Friday, reaching about $101.22, and gold climbed to roughly $4,987.69 per ounce, both at new records amid strong safe-haven and retail demand.

Silver reached a new record this week, topping $100 per ounce for the first time as demand for safe-haven assets and strong retail buying pushed prices higher. The move followed a week in which silver rose from below $90 to about $101.22 by noon ET on Friday. The article reports that a recent rift in US-Europe relations helped spur safe-haven flows, and that retail interest in markets from Shanghai to New York contributed to the rally. Gold also set a fresh peak near $4,987.69 per ounce amid the same market dynamics. Key developments: - Silver moved above $100 per ounce, recorded at about $101.22 as of midday Friday. - Silver’s gains this year exceed 25%, extending a 2025 rally that more than doubled its value. - Drivers cited include elevated safe-haven demand after a reported US-Europe rift and strong retail buying in major markets. - The article notes silver’s industrial role, especially in the solar industry, and mentions concerns that U.S. tariffs could affect supply and prices. - Gold reached about $4,987.69 per ounce, with year-to-date gains near 14% and a 7% rise over the last five sessions. - The article mentions Goldman Sachs raised its year-end price target for gold to $5,400 per ounce. Summary: Both metals reached record or near-record levels, reflecting a mix of safe-haven buying, pronounced retail demand and longer-term supply concerns noted for silver. The article reports additional upward pressure from industrial demand and tariff risk for silver and cites an increased year-end projection for gold by Goldman Sachs. Undetermined at this time.