Precious-metal prices remained resilient at the close of trading on September 3, with both gold and silver pushing to new highs for the year.
Gold finished the day at about CA$4,916 per ounce, surpassing late August levels and setting a fresh peak for 2025. Silver also closed strong at roughly CA$56.65 per ounce, climbing well above its August high of CA$54.
The rally has been particularly notable for silver, which has gained about 36 per cent so far this year, outpacing gold’s increase of around 30 per cent. Analysts continue to point to safe-haven demand, global economic uncertainty, and ongoing geopolitical tensions as key drivers behind the sustained strength in precious metals.
For dealers, the elevated prices are boosting inventory valuations and supporting higher premiums on bullion coins such as Maple Leafs. At the same time, the market’s rapid climb is amplifying exposure to volatility, exchange-rate swings, and tighter margins across both bullion and numismatic channels.