Precious metals hold firm at September highs

Precious-metal prices remained resilient at the close of trading on Sept 10, with both gold and silver continuing to hover near their strongest levels of the year.

Gold ended the day at about CA$5,028 per ounce, edging higher from the record set earlier this month. Silver finished at approximately CA$57.20 per ounce, also extending its position above August’s peak.

Silver’s rally has been particularly sharp, with year-to-date gains of roughly 37 per cent compared to gold’s advance of around 31 per cent. Analysts point to safe-haven demand, global economic uncertainty, and persistent geopolitical tensions as the main factors driving the market’s sustained strength.

For dealers, the elevated prices are bolstering inventory valuations and supporting stronger premiums on bullion coins such as Maple Leafs. At the same time, the rapid climb has heightened exposure to volatility, exchange-rate swings, and tighter margins across both bullion and numismatic markets.

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