Gold and Silver Prices Return to Year-Ago Levels as Rising Interest Rates and Weakening Demand Pressure Precious Metals

Silver & Gold Return from Their Record Price Round Trip! Gold and silver suffered another sharp selloff last week, with gold closing at $3,875 and silver at $49.13, returning to October 2025 price levels. Just nine months ago, gold reached a record $5,598 and silver soared above $121, marking one of the most dramatic precious metals reversals in history. Rising Treasury yields, weakening Indian silver demand, and recovering London inventories are adding pressure as the gold-to-silver ratio approaches 80:1. Meanwhile, U.S. national debt nears $40.6 trillion, raising concerns about the dollar's long-term purchasing power. Watch last week's Gold and Silver Market Update to discover what's driving prices lower, how they compare to one year ago, and what could happen next.