Silver, Gold ETFs and Stocks Jump as Precious Metals Start 2026 Strong

Silver and gold stocks and ETSs jumped in premarket trading, as precious metals kicked off the new year higher after a robust 2025 rally.

ProShares Ultra Silver rose 10%; Endeavour Silver and iShares Silver Trust rose 5%; First Majestic Silver and Pan American Silver rose 4%.

Coeur Mining rose 5%; Hecla Mining rose 4%; Newmont Mining, Agnico Eagle Mines, Barrick Mining, and Anglogold Ashanti rose 3%; Harmony Gold, Gold Fields, and SPDR Gold ETF rose 2%.

Precious metals kick-started the New Year on a strong note on Friday, resuming their rally after unprecedented gains in 2025, as geopolitical tensions and hopes of lower interest rates this year kept safe-haven demand intact.

Spot gold climbed 1.4% to $4,372.35 per ounce, as of 0724 GMT, after hitting a record high of $4,549.71 on December 26. It fell to a two-week low on Wednesday.

U.S. gold futures for February delivery gained 1% to $4,384.80/oz.

Bullion staged a stellar rally in 2025, ending the year with annual gains of 64%, its largest since 1979.

Interest rate cuts, bets of further easing by the U.S. Federal Reserve, geopolitical conflicts, robust demand from central banks and rising holdings in exchange-traded funds had fuelled gold's rally last year.

Gold traded at a premium in top hubs India and China for the first time in about two months this week, as a correction from all-time highs helped lift retail demand, which had been hit by an unprecedented rally in prices.

Spot silver rose 3.6% to $73.79 per ounce, after hitting an all-time high of $83.62 on Monday. Silver ended the year surging 147%, far outpacing gold in what was its best year ever on record.

The metal broke through multiple important milestones for the first time, propelled by its designation as a critical U.S. mineral, supply constraints and low inventories amid rising industrial and investment demand.