At the end of March 2025, gold prices shocked the markets by surging past the $3,100 level, marking a new all-time high. The rally has been called “parabolic,” defying technical resistance levels and long-term expectations. At the same time, silver is pushing toward $27, signaling a possible breakout of its own.

This surge in gold is driven by multiple factors. First, central bank gold buying remains strong, especially among emerging markets aiming to diversify reserves away from the U.S. dollar. Second, economic uncertainty and sticky inflation have weakened investor confidence in fiat currencies, boosting demand for gold as a hedge.

Meanwhile, investors are closely watching the Federal Reserve. Though interest rates remain unchanged for now, Fed Chair Jerome Powell acknowledged that a rate-cut cycle could begin later this year if inflation continues to cool. This expectation, coupled with geopolitical risks from Ukraine and the Middle East, has fueled safe-haven demand.

On the technical side, gold broke out above the long-held resistance of $2,075 and has moved almost vertically since crossing $3,000. Some analysts predict a short-term pullback, but many agree the long-term bullish trend is intact. Some even forecast gold could reach $3,500 by year-end if monetary easing returns globally.

Silver, long overshadowed by gold, may now be entering its moment. As both a precious metal and industrial commodity, silver often lags in rallies but catches up quickly. If silver breaks past $34, many expect a fast move toward $36 or higher.

In summary, gold and silver are entering a new bullish cycle. As the world reassesses risk, inflation, and fiat currencies, precious metals are once again a favored destination for global capital.