#XAGUSD (silver) and #XAUUSD (gold) are showing unprecedented growth at the beginning of 2026: silver has risen 250% over the year, and gold has exceeded $5,100 for the first time.
Drivers for silver:
About 60% of demand now comes from industry.
Supply shortages have persisted since 2018 (shortage of ~18% in 2025).
75% of new silver is a by-product of other metal mining, which limits supply flexibility.
Drivers for gold:
Trade tensions, a weak dollar, and expectations of Fed rate cuts.
Limited resources: only ~216,000 tons mined, proven reserves are declining.
The growth of precious metals is driven by both fundamental factors (structural silver deficit, geopolitics) and speculative hype. Silver, due to its smaller market, exhibits extreme volatility, while gold retains its role as a classic defensive asset
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XAUUSDT
دائم
5,081.53
+0.10%
XAGUSDT
دائم
112.09
+2.64%