Silver futures hit highest price since 1980 and set new daily gain record

Silver futures closed Monday at a level not seen in more than four decades, while gold registered its strongest one-day dollar jump on record. Both milestones underscore renewed momentum in the precious-metals market.

Silver closes above the 1980 peak

On Monday, silver futures settled at $50.13 per troy ounce, according to Dow Jones Market Data. The price marked a 6.8 percent advance for the session, representing the contract’s largest one-day dollar increase since January 23, 1980. The new close surpassed the previous record of January 17, 1980, bringing an end to a stretch of more than 41 years without a fresh high.

The magnitude of Monday’s move places the metal back in the spotlight after decades of trading below the historic peak reached at the start of 1980. Market data confirm that no daily settle had eclipsed the January 17 level until this week’s session.

Gold posts best single-day dollar gain

Gold also participated in the rally. While the yellow metal has recorded numerous highs since 1980, Monday delivered its largest dollar gain in a single day on record. The data indicate that, in absolute dollar terms, no previous session produced a bigger jump for gold prices. Specific closing figures were not disclosed, but the record advance occurred alongside silver’s breakout.

The parallel moves highlight simultaneous strength across two of the most followed precious-metals contracts. Analysts often watch silver and gold together for signals about broader sentiment toward hard assets, though each metal trades on its own supply-and-demand fundamentals.

Historical context and market significance

The prior silver record had stood since early 1980, a period marked by extraordinary price swings driven by unusual market conditions. Monday’s settlement finally exceeded that level, ending what had become one of the longest-running records in commodity futures. The 6.8 percent leap also qualified as the sharpest one-day dollar increase for silver since the session of January 23, 1980.

Gold, meanwhile, continued a multi-decade pattern of periodically setting new highs. Even though the metal has achieved numerous records over the years, Monday’s trade was notable for producing its greatest absolute dollar advance in a single session. The simultaneous records suggest that capital flowed into both markets at an exceptional pace.

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Data confirmation

All price and percentage figures are based on information supplied by Dow Jones Market Data. The organization tracks daily settlements, percentage moves, and historical comparisons for commodity futures listed on major exchanges. An overview of recent trading in precious metals can be found on reputable financial platforms such as The Wall Street Journal’s market-data pages.

Outlook

The fresh records for silver and gold come after decades in which both metals experienced wide—but separate—price cycles. Monday’s developments may influence trading strategies, hedging decisions, and portfolio allocations that include precious-metal exposure. While the duration of the current upswing remains uncertain, the new highs have renewed attention on the metals arena and ended a lengthy period in which silver, in particular, had traded below its historical peak.

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