Gold and silver prices have surged as geopolitical tensions and expectations of Federal Reserve rate cuts drive demand for safe-haven assets. Spot silver reached $67.5 per ounce, marking a 0.5% increase, while gold climbed to $4,365, approaching its all-time high. The rise in silver is bolstered by speculative buying, tight supply, and increased activity in Shanghai silver futures. Market sentiment is further influenced by U.S. sanctions on Venezuela and a Ukrainian strike on a Russian tanker, which have contributed to the upward pressure on precious metals. Traders are now anticipating two Federal Reserve rate cuts in 2026 following mixed economic data, adding to the bullish outlook for gold and silver. The broader risk-off sentiment may also impact altcoin performance.