Precious metal prices softened on Aug. 20, yet both gold and silver continue to hover near recent highs, fueling sustained interest among investors and collectors of bullion coins and bars.
Silver closed at CA$52.61 per ounce, slipping modestly from recent peaks but still holding near the top of its trading range. This aligns with August’s average price of approximately CA$52.23, reinforcing silver’s resilience in the Canadian market.
Gold finished the day at CA$4,647.36 per ounce, just below this month’s high of CA$4,673.61 and well above its August low of CA$4,599.88. This price supports a trend of sustained strength in the precious metals sector.
So far in 2025, silver is up about 23 per cent in Canadian dollars, outperforming gold, which also remains robust as investors seek refuge amid ongoing economic and geopolitical uncertainties.
For dealers, the current elevated bullion prices boost inventory valuations but also raise risk due to volatility in markets, currency fluctuations, and impact on margins across bullion and numismatic channels.