Gold and silver prices show significant growth at the end of summer. In the past month, gold quotes increased by 15%, while silver rose by 19%. According to Bull Theory's analysis, together these metals added nearly $5 trillion in market value in just 1 month, although both assets remain below the historical highs recorded earlier in 2026.
The rise in precious metal prices is driven by a combination of several factors, including interventions in monetary policy, geopolitical tensions in the Middle East, and persistent global inflation. The main short-term catalyst was the U.S. Treasury's decision to double its long-term bond buyback program to $4 billion per session. This move triggered a wave of short position closures and active buying in the markets.
Additional support for gold came from the escalation of the conflict in the Middle East, which led to rising energy prices and reinforced the metal's status as a safe-haven asset. Meanwhile, silver demonstrated a higher growth dynamic due to a sharp shortage of physical supply and increasing industrial demand.
Structural consumption of silver from infrastructure projects, including the construction of data centers for artificial intelligence, modernization of power grids, and production of advanced electronics, continues to absorb physical stocks. Demand in these sectors is growing faster than global mining can replenish volumes, creating fundamental support for prices.
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This material is prepared solely for informational purposes and does not constitute financial advice or recommendations.