Wedoany.com Report-Dec.27, Precious metals continued their strong upward movement on Friday, with silver leading the gains by climbing 9% to reach a new record high.

This increase was supported by a continued supply deficit in the market and rising industrial demand for the metal.

Silver traded at a peak of $78.53 per ounce during the session.

Several other precious metals also posted notable advances on the same day. Spot gold reached an all-time high of $4,549.71 per ounce. Platinum climbed 10% to attain a record level of $2,454.12 per ounce.

Spot palladium showed the largest percentage gain among the group, rising more than 14% to close last at $1,924.03 per ounce.

These price levels marked fresh historical peaks for silver, gold, and platinum, while palladium also achieved a very strong performance. The broad strength across the sector reflected ongoing market conditions, including supply limitations for some metals and steady demand from both industrial users and investors.

Silver's advance stood out in particular, driven largely by its dual role as both a precious metal and an important material in various manufacturing processes. The combination of these factors helped push the white metal to its highest point on record.

Gold maintained its position as a key asset during the session, while platinum and palladium benefited from similar demand trends in industrial and investment channels. The day's trading activity highlighted sustained interest in precious metals as the year drew to a close.

Overall, the session demonstrated clear momentum in this commodity group, with record or near-record prices across multiple metals.