Gold and silver prices rebounded on Tuesday after suffering a historic sell-off, pulling global stocks and funds linked to the metals higher.
Spot gold was last up about 5.6% to $4,930.97 per ounce. Gold futures gained about 6.4%, hovering at around $4,949.
Spot silver rose over 6% to trade at around $84.29 per ounce. Silver futures were up nearly 10% at $84.12
The moves marked a slight recovery from a decline on Monday that came after a fall of nearly 10% for gold on Friday, and a 30% collapse in silver prices that marked the metal’s worst one-day performance since 1980.
Mining stocks and exchange-traded funds listed across the globe also notched gains, as the metals continued to rise Tuesday.
London-listed mining giants notched gains on Tuesday, with Rio Tinto up 2.2%, Anglo American up more than 3%, and Antofagasta jumping 2.5%. Fresnillo
— the world’s leading silver producer and the top performing stock on London’s FTSE 100 in 2025 — was last seen trading 3.1% higher.
In U.S. markets, the ProShares Ultra Silver ETF was last seen trading 15% higher ahead of the opening bell, while the abrdn Physical Silver
Shares ETF gained around 8.3%. The iShares Silver Trust (SLV)
— which has been at the center of a retail investment frenzy — had also gained 8.3%.
Shares of U.S.-listed gold and silver miners were also significantly higher. Endeavour Silver jumped 7.5% in pre-market trading, while Coeur Mining
added 7.7%. Hecla Mining
and First Majestic Silver were both up by around 8%.
#xau