Gold makes a new all-time high of $5,350 as Shanghai silver smashes $140

Gold just hit a new all-time high of $5,350, pushing its market cap past $35 trillion, now trading at $5,338 after briefly spiking to $5,450. It’s already up 22% this year as investors bail on the US dollar and lose faith in government bonds.

Shanghai silver just cracked $140, blowing past global benchmarks. The local silver premium is spiking hard, likely off the back of industrial demand, tight supply, and yuan volatility.