In 2025, both gold and silver experienced significant price surges, with silver jumping approximately 138% and gold gaining 74.5%. Silver ETFs notably outperformed, rising over 150% and beating gold ETFs and equities across various timeframes. Gold's rally was attributed to geopolitical tensions, central bank buying, and ETF demand, while silver's ascent was driven by robust industrial demand. This performance marks one of the strongest annual gains for both precious metals in decades.