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Fortune

Jason Ma

Silver prices continue soaring as debt fears and geopolitical tensions send precious metals to fresh record highs

silver United States Donald Trump Robin Brooks Ed Yardeni Jerome Powell US Federal Reserve

(Credit: Getty Images)

As markets reopened Friday after the Christmas holiday, U.S. stocks were little changed, but precious metals saw plenty of action.

Silver prices jumped 9.6% to top $78 per ounce for the first time ever. Gold rose 1.3% to a fresh record of $4,561 per ounce, and platinum surged 10.5% to its own high, while palladium leapt 13%.

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