How many days are left in 2025? The two assets with the strongest gains this year—gold and silver—finally experienced intense volatility after reaching new all-time highs.

On December 29th during the Asian session, spot silver continued its strong momentum in the morning, briefly rising to $83.75 per ounce to set a new high, but then turned into a rollercoaster. Around 8:00 AM Taipei time, the market suddenly reversed sharply, with a daily fluctuation exceeding 10%. At the same time, spot gold also retreated from around $4,500, dropping below $4,480 at one point.

As of the time of writing, gold rebounded to $4,511, and silver recovered to $79.9, but the entire process looked like a dramatic show being played out in the market.

**The Truth Behind Silver's Wild Rise and Fall**

Silver quickly plunged after breaking the $80 mark for the first time, mainly because traders started to take profits on a large scale. This continuous surge was actually driven by deep-seated supply and demand imbalances—speculative trading and structural shortages together pushed prices higher. But when prices hit the peak, smart money started to exit.

Another factor boosting precious metals was the weakness of the US dollar combined with escalating geopolitical tensions, making gold, silver, and platinum all safe-haven favorites, each reaching new all-time highs. But extremes often lead to reversals; short-term profit-taking pressure can cause sharp corrections in prices.

This decline serves as a reminder—no matter how strong the rally, in the very short term, technical corrections are always possible.