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Silver’s price action has been building up to this moment, with repeated tests of resistance over the past month.

Gold has reached yet another all-time high, with prices surging over 50% in just 14 months. For the first time in history, gold’s total market capitalisation has surpassed an astonishing $20 trillion.

Gold prices have hit record highs, currently sitting at AUD $4,631.51 per ounce.

A significant surge in gold shipments to the United States has precipitated a notable shortage of bullion in London, as traders amass substantial stockpiles in New York amid concerns over potential tariffs from the Trump administration. This movement has led to increased waiting times for withdrawing gold from the Bank of England’s vaults, extending from a few days to between four and eight weeks.

The price of gold continues its upward trajectory, with a notable rise in value as of January 14, 2025.