Precious Metals All-Time Highs

As of July 22, 2026, gold is trading 26.3% below its all-time high, silver 50.7% below, platinum 42.7% below, palladium 61.5% below, and copper 3.2% below. Every percentage compares the live price with that metal's record on the same server snapshot, so the five figures are directly comparable.

Gold, silver, platinum, and palladium are quoted in USD per troy ounce; copper per pound (COMEX). Current prices and percentages are computed server-side and refresh automatically throughout the trading day; record prices are hand-verified on each metal's dedicated page. Cite these figures freely with a link to this page. Annual and weekly aggregates of the underlying history are free to download from the MetalCharts data library; if you need daily or real-time data programmatically, see pricing.

The 2025 to 2026 precious metals bull run rewrote the record books. Gold, silver, platinum, and copper all set fresh all-time highs, while palladium rallied hard but held below its 2022 peak. Here is every metal's record at a glance.

Prices are nominal USD and approximate; intraday peaks vary slightly by data feed (spot vs futures vs benchmark fix). Gold, silver, platinum, and palladium are quoted per troy ounce; copper is quoted per pound on COMEX. See each metal's dedicated page for the full record timeline and the live gap to today's price.

A handful of forces lifted the entire complex. Gold crossed $4,000 per ounce for the first time in October 2025 and peaked near $5,590 in late January 2026, powered by record central-bank buying (the official sector bought about 863 tonnes in 2025), de-dollarization, and safe-haven demand during US-Iran tensions.

Silver finally shattered its 45-year-old 1980 record, clearing $50 in October 2025 and going parabolic to about $121.62 in January 2026 on a multi-year supply deficit and explosive demand from solar and AI data centers. Platinum more than doubled in 2025, breaking its 17-year-old 2008 record on a structural deficit and a wave of new Chinese investment demand via the Guangzhou Futures Exchange. Copper set its record in May 2026 as AI and data-center electricity demand collided with the first global supply deficit since 2009.

Palladium was the exception. It rebounded sharply from a low near $870 in April 2025 to a cycle high around $2,200 by January 2026, but never approached its $3,440 record from the 2022 Russia-Ukraine crisis.

A nominal record is not always a real one. Gold set a genuine inflation-adjusted all-time high this cycle for the first time, finally clearing the 1980 peak of about $850 (roughly $3,300 to $3,600 in 2026 dollars). Silver is the opposite: despite its nominal record near $121.62, it remains below its inflation-adjusted 1980 high of roughly $194 per ounce. Platinum's 2026 figure is a nominal record only, since the 2008 peak (about $3,400 in today's dollars) and the 1980 peak were higher in real terms. Copper's nominal record sits close to its inflation-adjusted 2011 high, and palladium's 2022 record is also its real-terms record.