Gold Breaks Records While Silver Pushes Toward $100

Source: Coindoo Original Title: Gold Breaks Records While Silver Pushes Toward $100 Original Link: Gold surged to a new all-time high near $4,960, extending a powerful multi-month rally that has reshaped the valuation of global gold reserves and reignited debate over gold’s role in the monetary system.

The move leaves the metal less than 1.5% away from the psychologically significant $5,000 level, marking one of the strongest periods for gold in decades.

Key takeaways

• Gold hit a new record high near $4,923, just 1.5% below $5,000
• The market value of U.S. gold reserves has risen to roughly $1.28 trillion
• Silver is trading close to $100, less than 1% away from the milestone
• Precious metals are increasingly viewed as monetary assets rather than commodities

At current prices, the market value of U.S. gold reserves has climbed to approximately $1.28 trillion. This represents an increase of more than $400 billion compared to mid-2025, achieved without adding a single ounce to official holdings. When gold traded around $3,300 last August, the same reserves were valued at roughly $867 billion, highlighting how price appreciation alone has materially strengthened the United States’ real asset position.

Gold’s Return as a Monetary Asset

The latest breakout reinforces a broader shift in how investors and policymakers are treating gold. After years of being framed primarily as a hedge or commodity, gold is increasingly being priced as a monetary asset once again. Persistent fiscal deficits, elevated sovereign debt levels, and rising geopolitical risks have driven renewed demand for assets perceived as neutral stores of value.

Technical indicators also reflect sustained momentum rather than a short-term spike. Gold has maintained a steady upward trend, absorbing pullbacks while continuing to make higher highs. Trading volumes remain elevated, suggesting institutional participation rather than purely speculative demand.

The rally has unfolded against a backdrop of bond market volatility, currency uncertainty, and a reassessment of long-term purchasing power. In that environment, gold’s ability to reprice higher without policy intervention has strengthened its appeal as a reserve asset.

Silver Joins the Breakout

Silver has followed gold higher, trading just below $100 and less than 1% away from breaking into triple-digit territory. The metal has now extended a powerful multi-month advance, supported by both monetary demand and industrial usage, particularly in energy transition technologies and electronics.

Like gold, silver’s technical structure suggests resilience rather than exhaustion. Despite brief consolidations, prices have continued to trend higher, with momentum indicators remaining elevated. The move toward $100 would mark a historic milestone for silver and further reinforce the broader precious metals breakout.

Together, gold and silver are signaling a repricing of hard assets at a time when confidence in fiat systems is being increasingly tested. With both metals now within striking distance of major psychological levels — $5,000 for gold and $100 for silver — markets appear to be entering a phase where scarcity, tangibility, and monetary credibility are once again commanding a premium.