Silver Price Surpasses Gold: Goldman Sachs Warns of Risk
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Silver Price Surges Past Gold, But Goldman Sachs Warns of Risk
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KOMPAS.com – Silver prices have jumped more than 70 percent as the beginning of the year, far outperforming gold’s rise of 50 percent. However, Goldman Sachs warned that silver’s sharp rally is at great risk because it does not have the support from central banks like gold does.
LSEG data shows that at the start of global trading Monday (13/10/2025),the price of silver touched a record high of 51.38 US dollars per ounce.
Meanwhile, the price of gold also set a new record at around 4,060 US dollars per ounce after previously breaking the level of 4,000 US dollars.
Read also: JCI Drops Nearly 3 Percent, Investors flee to Gold and Silver
Reporting from Business Insider, the increase in gold and silver prices was triggered by expectations of a reduction in interest rates by the Federal Reserve (The Fed) and increased interest in safe assets.
Market sentiment became hotter after US President Donald Trump again sparked a trade war with China by imposing an additional 100 percent tariff on imports from that country.
Goldman Sachs’ Assessment of Silver’s Rally
However, Goldman Sachs analysts assess that this silver rally is not fully solid.
“In the medium term, silver still has the opportunity to rise in line with the Fed’s potential cut in interest rates. Though, in the short term, the volatility and risk of a decline in silver prices is much greater than that of gold,” wrote the Goldman Sachs analyst team in their research report.